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10 Norfolk Street S Simcoe, Ontario N3Y 2V9

Central Air Conditioning

$1,250,000

Twelve-unit mixed use commercial/residential property in downtown Simcoe providing a current 7% cap rate. With two main floor commercial spaces, one currently rented to a restaurant, the other vacant so you can set your own rent. Ten residential loft one-bedroom apartments, fully tenanted and all separately metered for hydro and gas. Common area coin laundry room. Take a look, its tough to buy into multi-family real estate, especially with the established cap rate provided here and the potential to increase it in the future. (id:40508)

Property Details

MLS® Number 40315118
Property Type Other
Amenities Near By Park, Place Of Worship, Schools, Shopping
Community Features Community Centre
Features Park/reserve, Laundry- Coin Operated

Building

Basement Development Partially Finished
Basement Type Full (partially Finished)
Cooling Type Central Air Conditioning
Exterior Finish Brick
Heating Fuel Natural Gas
Stories Total 3
Size Exterior 11337.0000
Utility Water Municipal Water

Land

Acreage No
Land Amenities Park, Place Of Worship, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 84 Ft
Size Frontage 45 Ft
Size Total Text Under 1/2 Acre
Zoning Description Cbd

https://www.realtor.ca/real-estate/24815877/10-norfolk-street-s-simcoe

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