For Sale · Specialty

69 ROBINSON Street, Simcoe

69 ROBINSON Street, Simcoe, ON N3Y1W5

$699,000 total

2,421 SF

Asset Class

Specialty

Size

2,421 SF

Building class

B

Zoning

DC2 — Site Specific

$ / SF

$289

Occupancy

85%

Year Built

2012

About this property

Mixed use commercial building in the heart of Simcoe. Main floor has been leased to the VON since 2012. There are two upper apartments with separate entrances and separate utilities. Steel roof (2012). Extremely well maintained building with long term tenants. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$699K
Down payment30% · $210K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$45K

Annual cash flow

$7K

Cash-on-cash

3.13%

DSCR

1.17

Going-in cap

6.48%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Aurora Legal LLP786 SF2033-03
Aurora Legal LLP1,263 SF2033-03

Area demographics

Trade area within 3 miles of the property.

Population

53,802

Households

22,501

Median income

$75,000

Median age

44.3

Daytime population

47,383

5-yr growth

8%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 69 ROBINSON Street, Simcoe.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.