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571 BANK Street

571 BANK Street

Simcoe, Ontario

6,504 sqft • Other

$1,050,000

Attention investors & business owners, this is a rare opportunity to acquire a fully renovated and highly versatile commercial property at 571 Bank Street in Simcoe. Set on a 1.27 acre lot in a high traffic location, this ML zoned property offers excellent exposure, access to major routes & flexibility for a wide range of light industrial & commercial uses. Offering apprx 6,504 sqft, the building was renovated top to bottom in 2018 w/permits. The front features a professionally designed showroom w/a red cedar ceiling w/exposed steel I beams, & AODA accessible family bathroom, along w/2 addtl washrooms. A third front room is already plumbed for 4 more toilets, allowing for future expansion. The space also includes a kitchenette, office area, & LED lighting. Flooring throughout is updated, with 3 front offices (excluding the rounded corner office, which features luxury vinyl tile) finished in engineered hardwood. Hallways, main areas, & bathrooms are completed w/24”x24” porcelain tile, while the décor/kitchen & office cubicle areas feature luxury vinyl plank. Terrazzo flooring is found exclusively in the rear warehouse areas, incld the garage & storage spaces. The warehouse is designed for function w/on grade loading through a 9'4x9'7 roll up door. A 2024 independent gas suspended heater w/separate thermostat provides efficient climate control. HVAC system includes 2 furnaces, currently operating on 1, w/option to extend service into warehouse. The exterior features concrete block construction w/steel cladding, new stucco finish, and new windows w/protective coating. The roof includes a BML flat roof (2018) and steel DAP roofing (2026). Interior framing features 2x6 steel studs w/code compliant insulation & firewall. Over 60 parking spaces, including 2 accessible spots, plus a 30x60 concrete pad w/footings for future expansion. Addtl features include an owned Millennium security system, signage electrical box, natural gas, & Bell Explornet high speed internet.

Price History

Property

Lot Size
1.27 acres

Schools

Secondary

  • Simcoe Composite School0.9 km

    Public · Grand Erie DSB · 725 students

    Grade 10 literacy: 85% met the provincial standard

  • Holy Trinity Catholic High School2.8 km

    Catholic · Brant Haldimand Norfolk CDSB · 980 students

    Grade 10 literacy: 83% met the provincial standard

Elementary

  • ÉÉC Sainte-Marie-Simcoe1.2 km

    French Catholic · CS catholique MonAvenir · 80 students

  • Elgin Avenue Public School1.5 km

    Public · Grand Erie DSB

  • Lynndale Heights Public School2 km

    Public · Grand Erie DSB · 460 students

    Grade 3 reading: 80% met the provincial standard · Grade 6 math: 39% 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

Other 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 other properties in Simcoe over the last 12 months.

Walk Score

58

Walk

51

Bike

Scores by Walk Score®

Location

Mortgage Calculator

$210,000

Estimated Monthly Payment

$5,158

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $5,158/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $263/mo

Estimates only. Consult a financial advisor.

R

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