28-40 Sydenham Street, Simcoe, ON N3Y 1R7
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28-40 Sydenham Street, Simcoe, ON N3Y 1R7
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Alex Stepanoski

Alex Stepanoski

+1(647) 896-6442
Listed by Adrian Mekli • Blair Blanchard Stapleton Ltd.
$ 1,899,900
Est. payment /mo
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Active

28-40 Sydenham Street Simcoe, ON N3Y 1R7

16,000 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 16,000 sqft

Price per Sqft $118

MLS Listing ID 40830263

HOA Y/N Yes

Abv Grd Liv Area 16,000

Annual Tax Amount $34,771

Lot Size 0.490 Acres

Acres 0.49

Property Sub-Type Building and Land

Source Cornerstone

Property Description

28-40 Sydenham Street presents a rare opportunity to acquire a fully leased, income-producing commercial asset in the growing Norfolk County market. The property has recently undergone approximately $300,000 in capital improvements focused on repositioning the building through unit division, upgrades, and lease-up initiatives, resulting in a stabilized multi-tenant investment.

The property now generates approximately $135,000 in net operating income and is being offered at a 7.1% capitalization rate. Tenancies are secured on new 5-year lease terms with built-in rental growth, providing investors with both immediate cash flow and long-term income stability.

Strategically located in the heart of Simcoe, the property benefits from strong local exposure, established surrounding amenities, and continued demand for well-located commercial space. An ideal opportunity for investors seeking stable yield with upside through contractual rent increases and long-term market growth.

Location

Province ON

County Norfolk

Area Town Of Simcoe

Zoning CG

Direction Corner of Culver and Sydenham

Rooms

Basement Partial

Kitchen 0

Interior

Fireplace No

Exterior

Parking Features Asphalt

Parking On Site 10

Lot Frontage 178.0

Garage No

Building

Lot Description City Lot

Faces Corner of Culver and Sydenham

Story 1

Foundation Block

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick Veneer

New Construction No

Others

Senior Community No

Tax ID 502350126

Ownership Condominium

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LOCATION

Alex Stepanoski

Alex Stepanoski

Real Estate Agent

+1(647) 896-6442

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28-40 Sydenham Street