10 Norfolk Street S Simcoe, Ontario N3Y 2V9
$1,250,000
Twelve-unit mixed use commercial/residential property in downtown Simcoe providing a current 8% 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:47723)
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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August 29 2022 06:53:10
Brantford Regional Real Estate Assn Inc
RE/MAX Twin City Realty Inc