29 Simcoe Plaza
Terrace Bay, Ontario
MLS® TB2600539
$699,900
- Status
- Active
- Property type
- Retail
- MLS® number
- TB2600539
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 16Listing description
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.
Property summary
- MLS® number
- TB2600539
- Property type
- Retail
- Square footage
- 5,800 sq ft
- Annual property taxes
- $8,001.86
- Days on market
- 156 days
Features & details
- Heating
- Baseboard heaters, Electric
- Basement
- Partial
- Exterior features
- Concrete Block
What would this home cost you?
Based on the $699,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ROYAL LEPAGE LANNON REALTY, THUNDER BAY.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.