11 Simcoe Plaza
Terrace Bay, Ontario
- Other
Opportunity knocks with this versatile commercial/residential property located in a busy commercial plaza in Terrace Bay, offering excellent exposure and steady traffic flow. Whether you’re an entrepreneur ready to launch or an investor looking for mixed-use income potential, this property delivers flexibility and value. The main level features a fully equipped commercial space with all assets from a former coffee shop included, making this a turnkey opportunity to reopen a cafe or bring your own business vision to life. Upstairs you’ll find a spacious 4-bedroom 1-bath apartment, ideal for owner-occupancy or generating strong rental income. Live where you work or lease the unit to offset expenses. This setup offers multiple revenue streams. Don’t wait long, come take a look! Visit www.century21superior.com for more info and pics.
Price History
Schools
Elementary
- École catholique Franco-Terrace0.2 km
French Catholic · CSDC des Aurores boréales
- St Martin Catholic School0.2 km
Catholic · Superior North CDSB · 60 students
- Terrace Bay Public School0.5 km
Public · Superior-Greenstone DSB · 60 students
Secondary
- Lake Superior High School0.3 km
Public · Superior-Greenstone DSB · 125 students
Grade 10 literacy: 81% 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 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.
Walk Score
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Location
Street View
Mortgage Calculator
$33,000
Estimated Monthly Payment
$811
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
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Mortgage: $811/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $41/mo
Estimates only. Consult a financial advisor.
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