29 SIMCOE PLAZA, Terrace Bay (TB-92)

$699,900

29 SIMCOE PLAZA, Terrace Bay (TB-92) — photo 129 SIMCOE PLAZA, Terrace Bay (TB-92) — photo 229 SIMCOE PLAZA, Terrace Bay (TB-92) — photo 329 SIMCOE PLAZA, Terrace Bay (TB-92) — photo 429 SIMCOE PLAZA, Terrace Bay (TB-92) — photo 529 SIMCOE PLAZA, Terrace Bay (TB-92) — photo 629 SIMCOE PLAZA, Terrace Bay (TB-92) — photo 729 SIMCOE PLAZA, Terrace Bay (TB-92) — photo 829 SIMCOE PLAZA, Terrace Bay (TB-92) — photo 9

About this property

Investor opportunity in one of Terrace Bay?s most sought after commercial locations! This well-established plaza sits in a prime high-visibility area and features 6 total units, offering excellent potential for both immediate income and future growth. Three units are currently occupied, including a major anchor tenant - Canada Post - drawing consistent daily traffic to the property. The remaining three vacant units provide a fantastic opportunity for an investor to increase revenue by bringing in additional tenants. Ideally located near major highways, Lake Superior, and a Tesla charging station, this plaza benefits from strong exposure to both local residents and travelers passing through the area. With existing tenancy, strong location appeal, and room to grow the rental income, this property is a fantastic investment opportunity in one of Terrace Bay?s key commercial hubs. Contact your Realtor today for more information. (id:66939)

Property details

Price
$699,900
Property type
Retail
Basement
Partial
MLS® number
X13244748

Location

Map showing the location of 29 SIMCOE PLAZA, Terrace Bay (TB-92)

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Listing courtesy of ROYAL LEPAGE LANNON REALTY. Source board: Thunder Bay Real Estate Board.

Listing data is provided by the Canadian Real Estate Association (CREA) through the REALTOR.ca Data Distribution Facility (DDF®) and is deemed reliable but not guaranteed accurate. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Listings displayed may be held by brokerages other than Hamodi Realty / HomeLife Miracle Realty.