Ideal Simcoe Investment Opportunity! Brand New, 72 unit Self-Storage Facility. Now available is a fully fenced, all-masonry built self-storage facility with steel roof, designed for low maintenance and long-term durability. This brand new complex features 72 units including 68 units sized 11 x 11.6 and 4 units sized 11.6 x 8. In addition to the units, the site offers outdoor storage options & fence signage to further increase revenue potential & overall cash flow. An approx. 400 sq ft administration office with two washrooms is fully barrier-free, providing accessibility and a professional on-site presence if desired. The facility is equipped with an automatic gated entry for security, convenience, and a hands off Investment approach. Infrastructure is top-tier, with an large aggregate parking area, full storm sewer and infiltration system in place. The combination of strong demand, low operating costs, and additional revenue potential makes this a recession-resistant investment.
Address
561 Bank Street N
List Price
$2,399,000
MLS® Status
New
Expiration Date
2025-12-18
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
Norfolk
Sub-Area
Simcoe
Lot Size Source
GeoWarehouse
Lot Depth
300
Lot Shape
Rectangular
Lot Type
Lot
Lot Size Units
Feet
Lot Width
140
Parcel Number
502850041
Total Building Area
10500
Occupant Type
Vacant
Cross Street
Second Ave
MLS® Number
X12443384
Listing Brokerage
RE/MAX ESCARPMENT REALTY INC.
Basement
No
Postal Code
N3Y 3N3
Posession Details
Flexible
Tax Amount
$8,000.00
Tax Year
2024
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Other
Cooling Features
No
Garage Type
Outside/Surface
Tax Legal Description
PT LT 1 CON 14 TOWNSEND AS IN NR466378; S/T NR324843; NORFOLK COUNTY
Security Features
No
Sewer
Sanitary