Subtype: Commercial, Residential, Apartment Building
Sale type: For investors
Lot Size: 2 Acres
All necessary improvements for development; zoning change, city consultations/approvals, etc.
Net operating income: $230,000
Percent leased: 100%
Cap rate: 5.75%
- Apartment Units
This is two properties being sold as a package deal. See below; 1. Free-standing, single-tenant, 25,900 sqft building on a 1.67 acre lot on the southeast corner of Sydenham & Culver Street in the Downtown Business District of Simcoe. Tenanted by "The Brick", who has been there over 30 years, the store does exceptionally well and they will be signing a new lease. - NOI is 230k - Asking $4,000,000 (5.75% cap) 2. The development site is adjacent to The Brick store, on Pond St. See details of the proposed development below; - 8 Storeys - 67 Units (1 & 2 bedroom units) - GFA: Approximately 85,000 sqft - Lot size: Approx 2 acres (including The Brick store) - Asking $4,250,000 Site is site plan approved for 67 units; however they are applying for more units (greater density same footprint). The sites are being sold as a package deal. Total Asking Price: $8,250,000.
Ask a question
Curious about any of the details? Ask the listing owner a question and get a quick answer.
Location & nearby
This listing is located in Simcoe, ON N3Y 4X8
Looking for the right retail listing for you?
28 Acres Hobby Farm In Norfolk County
101 Acres - Two Parcels In Cookstown
5 Acres Of Land With A Fully Renovated Building In Angus
Legal Duplex Hamilton
0.36 Acres Of Residential Land In Toronto
2 Storey Mixed Use Building In The Heart Of Corktown, Toronto
Inspiring Investment Property W/ Retail & Res On Hwy 10
Purpose Built Duplex For Sale In Ottawa
Stunning 39 Acre Forested Lot For Sale In Hastings Highlands
Approx. 279 Acres Of Farm Land For Sale
Developer's Delight In Barrhaven - 0.45 Acres
Almost 800 Acres Of Land For Sale
2 Acre Estate Lots In Clarendon
Farmhouse On A 17acres For Sale In South Dundas
2 Acres Dream Land In Cantley
1.2 Acres 5 Mins From Ski Resort, Golf Course
Beautiful Land For Sale In Lac-des-plages
Duplex For Sale In Salaberry-de-valleyfield
Large Vacant Development Land For Sale
Huge Residential Land In Sainte-sophie
Large Renovated Duplex For Sale In Hampstead
Quadruplex For Sale In Laval
9 Acres Of Land For Sale In Meductic
Turnkey Duplex In Balmoral
Over 500 Acres Of Farmland/ Woodland In Beersville
Seven Mile Lake, East Clifford Private Waterfront Lots
Interior Lake Lots Deeded Lake Access
Grocery Anchored Shopping Centre In Chelmsford
Low-rise Development Site In Brooklin, On
50 Acres In Innisfil, On - Future Development Potential
Grocery Anchored Shopping Centre In Espanola, On
Zonado is Canada's fastest growing commercial real estate and sale of business marketplace. Our goal is to help you buy, sell and lease better than ever before.
Zonado combines a diverse portfolio of commercial real estate listings with an obsessive focus on technology. It enables stakeholders to buy, sell and lease better than ever before.
The REALTOR® trademark is controlled by The Canadian Real Estate Association (CREA) and identifies real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.