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3232 Simcoe Rd 5 Unit Apartment Building $1,499,999 CAD ($300,000 CAD/Unit) 6.26% Cap Rate Brechin, ON L0K 1B0
Investment Highlights
- Close proximity to Lake Simcoe.
- New industrial developments nearby.
- Ideal for retail or automotive uses
- Surrounded by Municipal Amenities.
- Flexible 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.
There are two buildings on the lot comprising 5 rental units (4 residential and 1 commercial). There is a common laundry area shared by all tenants with new coin laundry machines. The garage and parking area are leased together and the tenants have their own designated parking. Snow clearing and lawn maintenance are part of the lease agreements with the tenants. Roofing, furnace and AC have been recently replaced.
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.
VTB can be made available for qualified buyers.
Don't miss out on the potential of this cash flowing property with promising new industrial developments in the vicinity.
There are two buildings on the lot comprising 5 rental units (4 residential and 1 commercial). There is a common laundry area shared by all tenants with new coin laundry machines. The garage and parking area are leased together and the tenants have their own designated parking. Snow clearing and lawn maintenance are part of the lease agreements with the tenants. Roofing, furnace and AC have been recently replaced.
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.
VTB can be made available for qualified buyers.
Don't miss out on the potential of this cash flowing property with promising new industrial developments in the vicinity.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
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3232 Simcoe Rd
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