561 Bank Street
Norfolk, N3Y 3N3
FOR SALE
$1,999,900

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Commercial Retail
CATEGORY10,500 Sq Ft
TOTAL AREAX12443384
MLSIDContact Us
Property Description
Ideal Simcoe Investment Opportunity! Brand New, 72 unit Self-Storage Facility. Now available is a fully fenced, all-masonry built self-storage facility with steel roof, designed for low maintenance and long-term durability. This brand new complex features 72 units including 68 units sized 11 x 11.6 and 4 units sized 11.6 x 8. In addition to the units, the site offers outdoor storage options & fence signage to further increase revenue potential & overall cash flow. An approx. 400 sq ft administration office with two washrooms is fully barrier-free, providing accessibility and a professional on-site presence if desired. The facility is equipped with an automatic gated entry for security, convenience, and a hands off Investment approach. Infrastructure is top-tier, with an large aggregate parking area, full storm sewer and infiltration system in place. The combination of strong demand, low operating costs, and additional revenue potential makes this a recession-resistant investment.
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Property Details
Address
561 Bank Street
Community
City
Postal Code
N3Y 3N3
Property Type
Commercial Retail, Commercial Retail
Use
Multi-Use
Zoning
ML
Lot Size
140' x 300'
Total Area
10,500 Sq Ft
Retail Area
10,500 Sq Ft
Taxes
$8,000 (2024
Heat Type
Other
Water
Municipal
Garage Type
Outside/Surface
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Listing contracted with Re/Max Escarpment Realty Inc.
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