11 SIMCOE PLAZA, Terrace Bay

$150,000

For sale: Other

Other at 11 SIMCOE PLAZA, Terrace Bay
Property type
Sale Of Business
MLS®
MLS® X13245364

Opportunity knocks with this versatile commercial/residential property located in a busy commercial plaza in Terrace Bay, offering excellent exposure and steady traffic flow. Whether you?re an entrepreneur ready to launch or an investor looking for mixed-use income potential, this property delivers flexibility and value. The main level features a fully equipped commercial space with all assets from a former coffee shop included, making this a turnkey opportunity to reopen a cafe or bring your own business vision to life. Upstairs you?ll find a spacious 4-bedroom 1-bath apartment, ideal for owner-occupancy or generating strong rental income. Live where you work or lease the unit to offset expenses. This setup offers multiple revenue streams. Don?t wait long, come take a look! Visit www.century21superior.com for more info and pics.

Sold data

Homes in Terrace Bay — recent sold market

Homes in Terrace Bay took a median of 36 days to sell over the last 730 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 70, across 45 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 68 days.

The median sale price was $152,000.

Homes sold for about 6.0% below asking on average, so there was room to negotiate.

About 7% of sales closed above the list price.

Around 16% of sellers reduced their price before finding a buyer.

Median days to sell
36
Median sale price
$152,000
Sale-to-list ratio
94.0%
Sold above asking
7%

Based on 45 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Terrace Bay

Terrace Bay has 1 Fraser Institute–rated school (1 secondary).

Rated schools
1
Secondary
1

Top-rated schools in Terrace Bay

  • Lake Superior — secondaryFraser rating 3.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 11 SIMCOE PLAZA