UPDATED:
Key Details
Property Type Commercial
Sub Type Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 16,000 sqft
Price per Sqft $118
MLS Listing ID 40830263
HOA Y/N Yes
Abv Grd Liv Area 16,000
Annual Tax Amount $34,771
Lot Size 0.490 Acres
Acres 0.49
Property Sub-Type Building and Land
Source Cornerstone
Property Description
The property now generates approximately $135,000 in net operating income and is being offered at a 7.1% capitalization rate. Tenancies are secured on new 5-year lease terms with built-in rental growth, providing investors with both immediate cash flow and long-term income stability.
Strategically located in the heart of Simcoe, the property benefits from strong local exposure, established surrounding amenities, and continued demand for well-located commercial space. An ideal opportunity for investors seeking stable yield with upside through contractual rent increases and long-term market growth.
Location
Province ON
County Norfolk
Area Town Of Simcoe
Zoning CG
Direction Corner of Culver and Sydenham
Rooms
Basement Partial
Kitchen 0
Interior
Fireplace No
Exterior
Parking Features Asphalt
Lot Frontage 178.0
Garage No
Building
Lot Description City Lot
Faces Corner of Culver and Sydenham
Story 1
Foundation Block
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 1
Structure Type Brick Veneer
New Construction No
Others
Senior Community false
Tax ID 502350126
Ownership Condominium
Nearby Locations
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Doug Folsetter
Sales Representative | License ID: 4729737
Sales Representative License ID: 4729737