












1/1411 COLBORNE STREET N, Norfolk (Simcoe), ON N3Y3T8
Price on request
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Asset Class
Retail
Size
—
Building class
B
Zoning
CSC — Shopping Centre
$ / SF
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Occupancy
86%
Lot Size
735 ac
Welcome to Unit 11 at 23 Colborne Street, located in the heart of the rapidly growing town of Simcoe. While Simcoe embraces the charm of small-town living, it offers the conveniences and amenities of a much larger community. Home to a thriving business district, beautiful public spaces, and serving a county-wide population of more than 67,000, it's a community where businesses have the opportunity to grow and succeed. Positioned just off the town's main street in the vibrant downtown core, this commercial unit offers a full glass storefront, providing excellent visibility and exposure in a high-traffic location. With approximately 735 square feet of versatile space, there's plenty of room to bring your business vision to life. The layout currently includes two private rooms, a convenient 2-piece washroom, and flexible open space that can be adapted to suit a variety of business needs. Looking for a customized layout? Build-to-suit options are available through the landlord, allowing you to tailor the space to meet your specific business needs and create the ideal environment for your success. (id:66811)
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Monthly debt service
$7K
Projected NOI
$71K
Annual cash flow
$-12K
Cash-on-cash
-2.69%
DSCR
0.85
Going-in cap
4.74%
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.
Trade area within 3 miles of the property.
Population
55,297
Households
24,274
Median income
$71,000
Median age
43.8
Daytime population
76,522
5-yr growth
3.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 11 COLBORNE STREET N, Norfolk (Simcoe).
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.