For Sale · Specialty

10 COLBORNE Street N, Simcoe

10 COLBORNE Street N, Simcoe, ON N3Y3T8

$569,000 total

4,414 SF

Asset Class

Specialty

Size

4,414 SF

Building class

A

Zoning

DC2 — Site Specific

$ / SF

$129

Occupancy

87%

About this property

Mixed use commercial building in the heart of Simcoe. This well maintained building has been leased to Haldimand-Norfolk Reach since 2003. Featuring a newer roof and HVAC system. New boiler in 2024. Seller will consider a Seller take back mortgage to a qualified Buyer. (id:66811)

Financial sandbox

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Estimate
Purchase price$569K
Down payment30% · $171K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$31K

Annual cash flow

$-941

Cash-on-cash

-0.55%

DSCR

0.97

Going-in cap

5.38%

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
Blue Harbour Design3,831 SF2028-10

Area demographics

Trade area within 3 miles of the property.

Population

108,279

Households

38,056

Median income

$119,500

Median age

35.8

Daytime population

141,729

5-yr growth

7.8%

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

Secure deal room

Confidential diligence documents for 10 COLBORNE 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.