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Investment Highlights

  • Close proximity to Lake Simcoe.
  • New industrial developments nearby.
  • Ideal for retail or auto repair
  • Lots of Municipal Amenities.
  • Commercial zoning

Executive Summary

Introducing an outstanding 5-unit multifamily property with commercial zoning located in Brechin. This property boasts approximately 6,300 square feet of space, making it ideal for various retail ventures, with a secondary use as an auto repair facility. This property is move-in ready and offers a generous parking ratio of 7.01 spaces per 1,000 square feet. The commercial zoning opens up a world of possibilities, while the 0.78-acre land area ensures ample space for expansion or customization. Additionally, its proximity to Lake Simcoe, and the convenience of nearby municipal amenities make this property a prime investment opportunity. Don't miss out on the potential of this cash flowing property with promising new industrial developments in the vicinity.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,300 SF
Building Class
B
Year Built/Renovated
1998/2015
Price
$1,499,999 CAD
Price Per SF
$238.10 CAD
Cap Rate
6.26%
NOI
$93,953 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
0.19
Lot Size
0.78 AC
Zoning
VC - Village Commercial
Parking
25 Spaces (7.01 Spaces per 1,000 SF Leased)
Frontage
205’ on Ramara Road 47
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100

Nearby Major Retailers

Coffee Time
CIBC
Tim Hortons
FOODLAND
Wild Wing
  • Listing ID: 29876378

  • Date on Market: 2023-10-25

  • Last Updated:

  • Address: 3232 Simcoe Rd, Brechin, ON L0K 1B0

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