The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Well-Maintained Mixed-Use Building in Downtown SimcoeREMARKS FOR CLIENTSExcellent opportunity to own a fully leased mixed-use property in the heart of downtownSimcoe, featuring a turnkey restaurant with LLBO licence on the main floor and a beautifullyrenovated 2-bedroom apartment on the second floor. The property offers both commercial andresidential income in a prime, high-visibility location.The main floor restaurant is fully equipped and currently leased, featuring a commercialkitchen, exhaust hood, fire suppression system, dishwasher, and two accessible washrooms. Thespace is well suited for dine-in, takeout, and delivery operations.The second-floor 2-bedroom apartment has been beautifully renovated and is currently leased ona per-room basis, providing strong rental income potential. It features a modern kitchen,open-concept living area, updated 3-piece bathroom, and a bright enclosed 3-season sunroom.Additional features include a full basement for storage and rear parking.A rare opportunity to own a fully leased commercial and residential property in a centraldowntown location, offering multiple income streams and long-term investment potential.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$1,997/mo
Mortgage (principal + interest)$1,680
Property taxFrom listing: $3,813/yr$318
Minimum $22,450 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$89,800
Ontario land transfer taxProvincial brackets, no first-time refund$5,455
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$98,055
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Norfolk has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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