
5 NORFOLK Street
Simcoe, Ontario
- 16,125 sqft
- Retail
Seize a rare opportunity to own a cornerstone of downtown Simcoe’s vibrant commercial landscape at 5 Norfolk Street North. This iconic 16,000 sq. ft. property, historically known as Budds Department Store for over 80 years (1930s–2016) and now operating as Clarence’s Clearances, offers unmatched potential for visionary investors and entrepreneurs eager to shape the future of Norfolk County’s downtown core. Strategically positioned on a high-traffic corner in the heart of Simcoe, this concrete and brick building features two expansive levels of approximately 7,000 sq. ft. each, with flexible C1 zoning that supports a wide array of commercial uses, including the potential to add a third floor for further development. The property is equipped with modern amenities, including gas forced air heating, two boilers, three separate meters for versatile tenant configurations, and an elevator (not functional) providing access to a newly upgraded flat roof with a $45,000 roof liner investment, ensuring durability and low maintenance. With its prominent location, this property benefits from exceptional visibility and accessibility, surrounded by a thriving community of shops, restaurants, and cultural amenities, including nearby Wellington Park and the Norfolk County Carillon Memorial Tower. The large square footage offers endless customization possibilities, whether for retail, office space, mixed-use residential development, or innovative ventures. All current inventory is negotiable, and one parking space is included. This is a prime opportunity for savvy investors to make a lasting impact on downtown Simcoe’s growth and vitality. With its rich history and untapped potential, 5 Norfolk Street North is ready for a new chapter. Located just a short, scenic drive from all major cities in Southwestern Ontario, and close proximity to Norfolk’s renowned beaches, marinas, golf courses, and seasonal farm fresh fruit/veggie stands.
Price History
Schools
Secondary
- Simcoe Composite School0.4 km
Public · Grand Erie DSB · 725 students
Grade 10 literacy: 85% met the provincial standard
- Holy Trinity Catholic High School1.6 km
Catholic · Brant Haldimand Norfolk CDSB · 980 students
Grade 10 literacy: 83% met the provincial standard
Elementary
- ÉÉC Sainte-Marie-Simcoe0.7 km
French Catholic · CS catholique MonAvenir · 80 students
- Elgin Avenue Public School0.8 km
Public · Grand Erie DSB
- St. Joseph's School0.9 km
Catholic · Brant Haldimand Norfolk CDSB · 605 students
Grade 3 reading: 80% met the provincial standard · Grade 6 math: 44% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N3Y
- Population
- 23,402
- Private dwellings
- 10,382
- Median age
- 49.2
- Average household size
- 2.3
- Median household income
- $77,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Retail in Simcoe · last 12 months
- Median sold price
- $0
- Homes sold
- 0
- Median days on market
- 0
- Sale-to-list price
- 0.0%
Based on 0 recorded sales of retail properties in Simcoe over the last 12 months.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$157,800
Estimated Monthly Payment
$3,876
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,876/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $197/mo
Estimates only. Consult a financial advisor.
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