5 NORFOLK Street
Simcoe, Ontario
- 16,125 sqft
- Retail
Power of Sale opportunity in the heart of downtown Simcoe. Welcome to 5 Norfolk Street North, a prominent commercial building offering approximately 16,000+ sq. ft of space on a high-visibility corner in Norfolk County's downtown core. Formerly home to the well-known Budds Department Store and more recently Clarence's Clearances, this landmark property presents a rare opportunity for investors, developers, entrepreneurs, and community-minded visionaries. Priced to reflect the work required, the property is being sold as-is, where-is under Power of Sale. While some improvements and updating are needed, the building offers tremendous potential for those looking to restore, repurpose, or redevelop a substantial downtown asset. Constructed of concrete and brick, the building features approximately 7,000+ sq. ft. on the main level and over 5,000 sq' below grade. Located within Simcoe's Central Business District (CBD Zoning), offering a variety of permitted downtown commercial uses. Buyers should complete their own due diligence regarding intended future use. A substantial investment was previously made in the flat roof system, including a roof liner upgrade. Walking distance of shops, restaurants, services, Wellington Park, and the Norfolk County administration centre, and only a short drive to Pt Dover, Turkey Point, marinas, golf courses, wineries, and Lake Erie's north shore attractions. Downtown Simcoe continues to benefit from residential growth, tourism, and business investment, creating an opportunity for the next owner to contribute to the community while unlocking the property's future value.
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
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Scores by Walk Score®
Location
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Mortgage Calculator
$139,800
Estimated Monthly Payment
$3,434
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: $3,434/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $175/mo
Estimates only. Consult a financial advisor.
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