33 & 35 SIMCOE PLAZA, Terrace Bay (TB-92)

$19,900

For sale: Other

Other at 33 & 35 SIMCOE PLAZA, Terrace Bay (TB-92)
Property type
Store W Apt/Office
MLS®
MLS® X13258516
Neighbourhood
TB-92

INVESTOR ALERT! Looking to start your own business? This commercial building on Simcoe Plaza offers endless potential for the right buyer. Sitting on a double lot, this property includes a storefront space plus a 2-bedroom residential unit above, perfect for owner-occupied or rental income opportunities. Previously operated as a bakery and restaurant, the building will require significant repairs and updates to bring it back to life. The water is shut off at the main, and ESA approval will be needed before reopening. If you're handy, creative, and ready to make your business dreams come true, this property is the perfect project to transform into your next success story!

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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 68 days.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 33 & 35 SIMCOE PLAZA