HUGE INVESTMENT OPPORTUNITY - FULLY LEASED COMMERCIAL PLAZA in the Heart of the Simcoe's downtown core! Position yourself for success with this outstanding investment opportunity. 10.5% Cap Rate. This 13,125 sq. ft. commercial plaza is fully leased with 8 UNITS, providing an established rental incom...e in a prime, highly visible area surrounded by professional offices, banks, and Simcoe's park system. This location offers high foot traffic and excellent street exposure with easy accessibility. Free public parking is conveniently located on the next block and street parking is available on both sides of Argyle St. As you can see this building has been meticulously maintained. Recent expenditures and updates have included all new cement sidewalks, steps and railings - 2026. Rooftop HVAC units - 2021 - 2024, and a complete roof replacement in 2018. The work has been done! This property provides an excellent opportunity for investors seeking a commercial property in a central business location with an established occupancy to provide them with a fluid income flow for years to come.
Full Property Details
General
Business Type
-
Retail Area
100.00 %
Total Area
13125.00 Square Feet
Sprinklers
No
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Business Type
-
Retail Area
100.00 %
Total Area
13125.00 Square Feet
Sprinklers
No
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Interior
Washrooms
0
Heating Fuel
Gas Forced Air Open
Air Conditioning
Yes
Washrooms
0
Heating Fuel
Gas Forced Air Open
Air Conditioning
Yes
Exterior
Depth
103.27
Front
165.5
Lot Size
166 x 103.27 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
-
Zoning
CG
Depth
103.27
Front
165.5
Lot Size
166 x 103.27 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
-
Zoning
CG
Building Description
Home Type
Commercial
Subtype
Commercial/Retail
Water Supply
Municipal
Possession Date
12/1/2026
Home Type
Commercial
Subtype
Commercial/Retail
Water Supply
Municipal
Possession Date
12/1/2026
Community
Community
Simcoe
Community
Simcoe
Taxes & Fees
Taxes
$48,107.84 /yr
Tax Year
2025
Occupancy
Tenant
Taxes
$48,107.84 /yr
Tax Year
2025
Occupancy
Tenant
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