UNIT E - 29 SIMCOE PLAZA, Terrace Bay

$1,200/mo

For rent: Other

Other at UNIT E - 29 SIMCOE PLAZA, Terrace Bay
Property type
Office
MLS®
MLS® X13244756

Prime opportunity to open your own business in one of Terrace Bay?s most well-established plazas! This 500 sq ft commercial space is perfectly situated beside Canada Post, ensuring consistent daily foot traffic and excellent visibility. Located in one of the community?s highlight areas, the plaza is also conveniently close to major highways, the beautiful Lake Superior shoreline, and a nearby Tesla charging station - drawing both local customers and travelers alike. Whether you?re launching a new venture or expanding your current business, this location offers the exposure and convenience needed to thrive.

Sold data

Homes in Terrace Bay — recent sold market

Homes in Terrace Bay took a median of 41 days to sell over the last 730 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 77, across 46 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 78 days.

The median sale price was $150,950.

Homes sold for about 6.2% below asking on average, so there was room to negotiate.

About 4% of sales closed above the list price.

Around 24% of sellers reduced their price before finding a buyer.

Median days to sell
41
Median sale price
$150,950
Sale-to-list ratio
93.8%
Sold above asking
4%

Based on 46 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 UNIT E - 29 SIMCOE PLAZA