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Investment Highlights

  • High traffic location for store fronts
  • Parking for residential units

Executive Summary

Cento Capital is pleased to present 56 Norfolk Street S, Simcoe, a fully leased mixed-use 8-plex in one of the town’s most desirable downtown locations. The three-storey building offers over 9,000 SF above grade, featuring two high-exposure commercial units with 15’ ceilings and six spacious residential suites with strong natural light and separately metered utilities for the upper units. Extensive capital improvements include roof and flashing, flooring, plumbing, electrical, sub-panels, fixtures, and masonry upgrades. The property also benefits from ample on-site parking and flexible CBD zoning, allowing for a wide range of permitted uses, including the potential to add an additional unit on the main floor. A well-located income-producing asset with a Vendor Take-Back mortgage available in first or second position, providing additional flexibility for qualified buyers.

Financial Summary (Actual - 2025) Click Here to Access

Annual (USD) Annual Per SF (USD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
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 (USD)
Annual $99,999
Annual Per SF $9.99
Other Income (USD)
Annual -
Annual Per SF -
Vacancy Loss (USD)
Annual -
Annual Per SF -
Effective Gross Income (USD)
Annual $99,999
Annual Per SF $9.99
Taxes (USD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (USD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (USD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (USD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,113 SF
Building Class
C
Year Built
1930
Price
$1,460,058 USD
Price Per SF
$160.22 USD
Cap Rate
5.90%
NOI
$86,143 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.49
Lot Size
0.14 AC
Zoning
CBD
Exceptionally walkable
100/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100

Nearby Major Retailers

Royal Bank of Canada
BMO
CIBC
Scotiabank
Wild Wing
Tim Hortons
Sobeys
Pita Pit
Swiss Chalet
Wimpy's Diner
  • Listing ID: 40516289

  • Date on Market: 5/13/2026

  • Last Updated:

  • Address: 56 Norfolk St S, Simcoe, ON N3Y 2W2

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