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Listed by Ryan Vandenbussche • RE/MAX Erie Shores Realty Inc. Brokerage
$ 699,000
Est. payment | /mo
16,125 SqFt
$ 699,000
Est. payment | /mo
16,125 SqFt
Key Details
Property Type Commercial
Sub Type Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 16,125 sqft
Price per Sqft $43
MLS Listing ID 40836254
Abv Grd Liv Area 16,125
Annual Tax Amount $17,416
Property Sub-Type Building and Land
Source Cornerstone
Property Description
Power of Sale opportunity in the heart of downtown Simcoe. Welcome to 5 Norfolk Street North, a prominent commercial building offering approximately 16,000+ sq. ft of space on a high-visibility corner in Norfolk County's downtown core. Formerly home to the well-known Budds Department Store and more recently Clarence's Clearances, this landmark property presents a rare opportunity for investors, developers, entrepreneurs, and community-minded visionaries. Priced to reflect the work required, the property is being sold "as-is, where-is" under Power of Sale. While some improvements and updating are needed, the building offers tremendous potential for those looking to restore, repurpose, or redevelop a substantial downtown asset. Constructed of concrete and brick, the building features approximately 7,000+ sq. ft. on the main level and over 5,000 sq' below grade. Located within Simcoe's Central Business District (CBD Zoning), offering a variety of permitted downtown commercial uses. Buyers should complete their own due diligence regarding intended future use. A substantial investment was previously made in the flat roof system, including a roof liner upgrade. Walking distance of shops, restaurants, services, Wellington Park, and the Norfolk County administration centre, and only a short drive to Pt Dover, Turkey Point, marinas, golf courses, wineries, and Lake Erie's north shore attractions. Downtown Simcoe continues to benefit from residential growth, tourism, and business investment, creating an opportunity for the next owner to contribute to the community while unlocking the property's future value.
Location
Province ON
County Norfolk
Area Town Of Simcoe
Zoning CBD
Direction Corner of HWY 24 and Argyle
Rooms
Basement Full
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 80.17
Garage No
Building
Lot Description Business Centre, City Lot, High Traffic Area, Hospital
Faces Corner of HWY 24 and Argyle
Story 1
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 502290018
Ownership Freehold/None
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