$588,552
$624,900
5.8%For more information regarding the value of a property, please contact us for a free consultation.
16 Norfolk Street S Simcoe, ON N3Y 2V9
1,787 SqFt
Key Details
Sold Price $588,552
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Sold
Purchase Type For Sale
Square Footage 1,787 sqft
Price per Sqft $329
MLS Listing ID 40481636
Sold Date 11/17/23
Abv Grd Liv Area 1,787
Originating Board Brantford
Annual Tax Amount $6,180
Property Sub-Type Mixed,Building and Land
Property Description
Welcome to this amazing property located in the beautiful town of Simcoe! With a Cap rate of over 8%, you won't want to miss this unique offering including one commercial unit, three bachelor units, and two one-bedroom units, making it a great investment opportunity. The commercial unit is located on the ground floor and features large windows, making it perfect for a variety of businesses. It could be used as a retail space or office space and is currently tenanted by a law firm. The three bachelor units are located on the third floor and offer comfortable living spaces for individuals or couples. Each unit is equipped with a kitchenette and a bathroom, providing everything you need to feel at home. The two one-bedroom units are located on the second floor and are perfect for those who want a little more space. These units feature separate living and sleeping areas, as well as a full kitchen and bathroom. The property is conveniently located in the heart of Simcoe, close to shopping, restaurants, and other amenities. Don't miss out on this incredible investment opportunity! Schedule a viewing today and see all that this property has to offer.
Location
Province ON
County Norfolk
Area Town Of Simcoe
Zoning CG
Direction Head South on Hwy 24 into Simcoe, turns into Norfolk St.
Rooms
Basement Full
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 24.0
Garage No
Building
Lot Description City Lot, High Traffic Area, Public Parking, Public Transit, Shopping Nearby
Faces Head South on Hwy 24 into Simcoe, turns into Norfolk St.
Story 2
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
New Construction No
Others
Senior Community false
Tax ID 502250117
Ownership Freehold/None
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