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For Lease · Specialty

571 BANK Street, Simcoe

571 BANK Street, Simcoe, ON N3Y3N3

$12 per sq ft / yr

6,504 SF

Asset Class

Specialty

Size

6,504 SF

Building class

B

Zoning

US — Urban Services

$ / SF

$0

Occupancy

84%

Year Built

1946

Lot Size

1.27 ac

About this property

Prime Commercial Lease Opportunity at 571 Bank Street, Simcoe! Approximately 2,000 sq. ft. of versatile commercial space available in a high traffic location with excellent exposure and easy access to major routes. Zoned ML (Light Industrial), this property offers flexibility for a wide range of commercial, office, showroom, service, and light industrial uses. Professionally renovated, the space features a welcoming showroom/reception area with a striking red cedar ceiling and exposed steel I beams, creating a polished and professional setting. Includes office space, kitchenette area, LED lighting, updated flooring, and access to multiple washrooms, including an AODA accessible washroom. Tenants will benefit from over 60 on site parking spaces, excellent signage potential, natural gas service, high speed internet availability, and a well maintained property. A rare leasing opportunity in one of Simcoe’s established commercial corridors, ideal for businesses seeking visibility, flexibility, and functionality. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$12
Down payment30% · $4
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

4.86%

DSCR

1.26

Going-in cap

7.00%

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 LLP3,370 SF2029-02
Aurora Legal LLP2,068 SF2029-02

Area demographics

Trade area within 3 miles of the property.

Population

44,939

Households

20,525

Median income

$108,000

Median age

31.1

Daytime population

63,573

5-yr growth

9.2%

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

Secure deal room

Confidential diligence documents for 571 BANK 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.