33 & 35 Simcoe Plaza
Terrace Bay, Ontario
Retail
INVESTOR ALERT! Looking to start your own business? This commercial building on Simcoe Plaza offers endless potential for the right buyer. Sitting on a double lot, this property includes a storefront space plus a 2-bedroom residential unit above, perfect for owner-occupied or rental income opportunities. Previously operated as a bakery and restaurant, the building will require significant repairs and updates to bring it back to life. The water is shut off at the main, and ESA approval will be needed before reopening. If you're handy, creative, and ready to make your business dreams come true, this property is the perfect project to transform into your next success story!
Price History
Schools
Secondary
- Lake Superior High School0.3 km
Public · Superior-Greenstone DSB · 125 students
Grade 10 literacy: 81% met the provincial standard
Elementary
- École catholique Franco-Terrace0.4 km
French Catholic · CSDC des Aurores boréales
- St Martin Catholic School0.4 km
Catholic · Superior North CDSB · 60 students
- Terrace Bay Public School0.4 km
Public · Superior-Greenstone DSB · 60 students
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 P0T
- Population
- 32,000
- Private dwellings
- 17,869
- Median age
- 45.6
- Average household size
- 2.3
- Median household income
- $77,000
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.
Location
Mortgage Calculator
$3,980
Estimated Monthly Payment
$98
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $98/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $5/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?