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3232 Simcoe Rd

6,300 SF 100% Leased Retail Building Brechin, ON L0K 1B0 $1,525,000 CAD ($242 CAD/SF) 5% Cap Rate

Retail Space Ontario Brechin 3232 Simcoe Rd, Brechin, ON L0K 1B0

Investment Highlights

  • Close proximity to Lake Simcoe.
  • New industrial developments nearby.
  • Lots of Municipal Amenities.

Executive Summary

Introducing an outstanding 5-unit multifamily property located in Brechin. This property boasts approximately 6,300 square feet of space, making it ideal for various retail ventures, with a secondary use as an auto repair facility. This property is move-in ready and offers a generous parking ratio of 7.01 spaces per 1,000 square feet. The commercial zoning opens up a world of possibilities, while the 0.78-acre land area ensures ample space for expansion or customization. Additionally, its proximity to Lake Simcoe, and the convenience of nearby municipal amenities make this property a prime investment opportunity. Don't miss out on the potential of this cashflowing property with promising new industrial developments in the vicinity.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,300 SF
Building Class
B
Year Built/Renovated
1998/2015
Price
$1,525,000 CAD
Price Per SF
$242 CAD
Cap Rate
5%
NOI
$76,310 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
0.19
Lot Size
0.78 AC
Zoning
VC - Village Commercial
Parking
25 Spaces (7.01 Spaces per 1,000 SF Leased)
Frontage
205 ft on Ramara Road 47
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Nearby Major Retailers

Coffee Time
CIBC
Foodland
Tim Hortons
Wild Wing
(647) 360-6139

Contact

  • Mya Qi
    Mya Qi
  • Lucero Commercial Group

  • Listing ID: 29876378

  • Date on Market: 2023-10-25

  • Last Updated:

  • Address: 3232 Simcoe Rd, Brechin, ON L0K 1B0

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3232 Simcoe Rd
(647) 360-6139 x

3232 Simcoe Rd

Mya Qi

(647) 360-6139

(647) 360-6139

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