8 - 28 ARGYLE STREET, Norfolk (Simcoe)

$1,950,000

For sale: Other

Other at 8 - 28 ARGYLE STREET, Norfolk (Simcoe)
Property type
Commercial Retail
MLS®
MLS® X14082996
Neighbourhood
Simcoe

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.

Sold data

Homes in Norfolk (Simcoe) — recent sold market

Homes in Norfolk (Simcoe) took a median of 43 days to sell over the last 90 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 81, across 123 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 66 days.

The median sale price was $579,900.

Homes sold for about 3.3% below asking on average, so there was room to negotiate.

About 9% of sales closed above the list price.

Around 28% of sellers reduced their price before finding a buyer.

Median days to sell
43
Median sale price
$579,900
Sale-to-list ratio
96.7%
Sold above asking
9%

Based on 123 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 8 - 28 ARGYLE STREET