Royal LePage Commercial - The Investments Group is pleased to present 56 Norfolk Street S, Simcoe, a fully leased mixed-use 8-plex in one of the town's most desirable downtown locations. The three-storey building offers over 9,000 SF above grade, featuring two high-exposure commercial units with 15' ceilings and six spacious residential suites with strong natural light and separately metered utilities for the upper units. Extensive capital improvements include roof and flashing, flooring, plumbing, electrical, sub-panels, fixtures, and masonry upgrades. The property also benefits from ample on-site parking and flexible CBD zoning, allowing for a wide range of permitted uses, including the potential to add an additional unit on the main floor. A well-located income-producing asset with a Vendor Take-Back mortgage available in first or second position, providing additional flexibility for qualified buyers. (id:4069)
Address
56 NORFOLK STREET S
List Price
$1,999,000
Property Type
Multi-family
Type of Dwelling
Multi-Family
Transaction Type
Sale
Area
Ontario
Sub-Area
Norfolk (simcoe)
Floor Area
9,113 Sq. Ft.
Lot Size
112.76 x 81.22 FT Sq. Ft.
Lot Depth
81 ft ,2 in
Frontage Length
112 ft ,9 in
MLS® Number
X12836664
Listing Brokerage
ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
Postal Code
N3Y2W2
Zoning
CBD
Parking Places (Total)
6
Site Influences
Public Transit
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
None
Water Source
Municipal water
Sewer
Sanitary sewer
