
571 BANK Street
Simcoe, Ontario
6,504 sqft • Other
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
Walk
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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.
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