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For Lease · Office

205 NORFOLK Street N, Simcoe

205 NORFOLK Street N, Simcoe, ON N3Y3N9

Price on request

1,288 SF

Asset Class

Office

Size

1,288 SF

Building class

B

Zoning

DC1 — Direct Control

$ / SF

—

Occupancy

91%

About this property

HIGH-VISIBILITY MAIN STREET COMMERCIAL SPACE FOR LEASE! Put your business in the spotlight with this exceptional 1,200+ sq. ft. commercial space offering excellent main street exposure, easy access, strong traffic, and ample on-site parking for both clients and staff. Ideally suited for a dental office, medical clinic, physiotherapy, massage therapy, naturopathic clinic, wellness centre, or other professional health and wellness practice. The functional layout is ready to accommodate a wide range of professional uses and features a welcoming reception area, waiting room, four treatment rooms, full washroom, lab/work areas, and storage. The existing configuration provides an excellent opportunity to establish, relocate, or expand your practice without starting from scratch. Prime visibility + functional layout + convenient parking = an outstanding location for your business! Bring your vision and take advantage of this fantastic opportunity to establish your practice in a highly accessible and prominent location. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$77K

Annual cash flow

$-6K

Cash-on-cash

-1.26%

DSCR

0.93

Going-in cap

5.16%

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
Northbridge Logistics512 SF2033-06
Northbridge Logistics400 SF2033-06
Northbridge Logistics400 SF2033-06

Area demographics

Trade area within 3 miles of the property.

Population

52,407

Households

24,789

Median income

$135,500

Median age

39

Daytime population

78,122

5-yr growth

2.1%

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

Secure deal room

Confidential diligence documents for 205 NORFOLK Street N, 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.