HUGE INVESTMENT OPPORTUNITY - FULLY LEASED COMMERCIAL PLAZA in the Heart of the Simcoe's downtown core! Position yourself for success with this outstanding investment opportunity. 10.5% Cap Rate. This 13,125 sq. ft. commercial plaza is fully leased with 8 UNITS, providing an established rental income in a prime, highly visible area surrounded by professional offices, banks, and Simcoe's park system. This location offers high foot traffic and excellent street exposure with easy accessibility. Free public parking is conveniently located on the next block and street parking is available on both sides of Argyle St. As you can see this building has been meticulously maintained. Recent expenditures and updates have included all new cement sidewalks, steps and railings - 2026. Rooftop HVAC units - 2021 - 2024, and a complete roof replacement in 2018. The work has been done! This property provides an excellent opportunity for investors seeking a commercial property in a central business location with an established occupancy to provide them with a fluid income flow for years to come.
Address
8 - 28 Argyle Street
List Price
$1,950,000
MLS® Status
Sold Conditional
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
Norfolk
Sub-Area
Simcoe
Lot Depth
103.27
Lot Type
Lot
Lot Size Units
Feet
Lot Width
165.5
Parcel Number
502350107
Total Building Area
13125
Occupant Type
Tenant
Cross Street
Norfolk St. S. and Argyle St.
MLS® Number
X14082996
Listing Brokerage
COLDWELL BANKER MOMENTUM REALTY, BROKERAGE
Postal Code
N3Y 1V5
Posession Details
Immediate
Tax Amount
$48,107.84
Tax Year
2025
Standard Status
Active Under Contract
Board Or Association
Niagara Association of REALTORS
Heat Type
Gas Forced Air Open
Cooling Features
Yes
Garage Type
None
Tax Legal Description
PLAN 182 BLK 84 LOT 6 LOT 7, NR372403 S/T NR372403 & NR375054
Security Features
No