36 Norfolk Street S
Simcoe, N3Y 2V9
$319,900
- Bedrooms
- 1
- Bathrooms
- 1
- Interior
- 3,492 ft²
- Lot
- 0.06 acres
- Type
- Multi-unit
About this home
Handyman Special in Downtown Simcoe! This mixed-use commercial and residential building offers just under 3,500 sq/ft plus a basement and is ready for someone willing to put in the work. The main floor features approximately 2,000 sq/ft of commercial space in a high-traffic downtown location. Upstairs includes a 1-bedroom apartment and an additional commercial studio that could continue as commercial space or potentially be converted into a second apartment.
With 600-volt, 225-amp power and a flexible layout, the property offers plenty of potential for an owner-operator, investor, or contractor looking to renovate and add value. Repair and updating are required, but the opportunity is there to create multiple income streams in a prominent downtown location.
Property details
- Property type
- Triplex
- Ownership
- Freehold
- Age
- Unknown years
- Property taxes
- $7,822
- Heating
- Forced Air, Natural Gas
- Basement
- Partial, Unfinished
- Water
- Municipal
- Sewer
- Septic Tank
- Lot
- 0.06 acres
- Zoning
- CBD
- Time on market
- 139 days on market
- MLS® number
- 40840829
Features
Outside
- Brick
- Flat roof
The lot
- City Lot
- High Traffic Area
- Public Parking
- Shopping Nearby
Included with the home: None
Location
Thinking about the area? Read our guide to living in Simcoe.
Estimate your payment
20% down. The minimum on this price is $15,995.
Your monthly payment
$1,416
- Mortgage amount
- $255,920
- Interest over the amortization
- $169,014
An estimate at a fixed rate compounded twice a year. Insurance applies under 20% down. Your lender sets the real numbers, and the team can introduce you to a mortgage professional.
Ontario land transfer tax
How the tax adds up
| $0 to $55,000 | 0.5% | $275.00 |
| $55,000 to $250,000 | 1.0% | $1,950.00 |
| $250,000 to $319,900 | 1.5% | $1,048.50 |
Ontario land transfer tax
$3,274
- Tax before any refund
- $3,273.50
- You pay on closing
- $3,273.50
For a home with one or two single-family residences anywhere in Ontario outside Toronto. Your real estate lawyer confirms the amount and pays it on closing.
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