29 SIMCOE PLAZA, Terrace Bay (TB-92)

$699,900

For sale: Other

Other at 29 SIMCOE PLAZA, Terrace Bay (TB-92)
Property type
Commercial Retail
MLS®
MLS® X13244748
Neighbourhood
TB-92

Investor opportunity in one of Terrace Bay?s most sought after commercial locations! This well-established plaza sits in a prime high-visibility area and features 6 total units, offering excellent potential for both immediate income and future growth. Three units are currently occupied, including a major anchor tenant - Canada Post - drawing consistent daily traffic to the property. The remaining three vacant units provide a fantastic opportunity for an investor to increase revenue by bringing in additional tenants. Ideally located near major highways, Lake Superior, and a Tesla charging station, this plaza benefits from strong exposure to both local residents and travelers passing through the area. With existing tenancy, strong location appeal, and room to grow the rental income, this property is a fantastic investment opportunity in one of Terrace Bay?s key commercial hubs. Contact your Realtor today for more information.

Sold data

Homes in Terrace Bay (TB-92) — recent sold market

Homes in Terrace Bay (TB-92) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 68 days.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 (TB-92)

Terrace Bay (TB-92) has 1 Fraser Institute–rated school (1 secondary).

Rated schools
1
Secondary
1

Top-rated schools in Terrace Bay (TB-92)

  • Lake Superior — secondary, Terrace BayFraser rating 3.2/10

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

Currently for sale

Homes for sale near 29 SIMCOE PLAZA