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For Lease · Specialty

31 NORFOLK Street N, Simcoe

31 NORFOLK Street N, Simcoe, ON N3Y3N6

Price on request

2,467 SF

Asset Class

Specialty

Size

2,467 SF

Building class

C

Zoning

US — Urban Services

$ / SF

—

Occupancy

91%

About this property

Premium lower-level commercial leasing opportunity in the heart of Downtown Simcoe’s active BIA. Located at 31 Norfolk St. N., this expansive 2,467 sq ft unit offers 10-ft ceilings and wide, accessible stairs, suited to efficient inventory loading and practical workspace. The CBD zoning suits a range of low-impact commercial uses, including e-commerce fulfillment, dry inventory storage, document archiving, creative and photography studios, professional back-offices, and private wellness services. Offered at $1,495 per month plus HST, all-inclusive of base rent and the tenant’s utility allocation, giving tenants predictable monthly costs. Dry, secure space with a high-traffic main street presence and a Walk Score of 90. Flexible lease terms available. Immediate possession. Book your private showing today. (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
Vector Robotics732 SF2031-11
Vector Robotics1,523 SF2031-11

Area demographics

Trade area within 3 miles of the property.

Population

118,536

Households

51,926

Median income

$122,000

Median age

34.8

Daytime population

154,709

5-yr growth

5.3%

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

Secure deal room

Confidential diligence documents for 31 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.