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Investment signal

$1,999,000

56 NORFOLK STREET S

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Beds

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Baths

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Type

Multi-family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Norfolk (Simcoe). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Royal LePage Commercial - The Investments Group is pleased to present 56 Norfolk Street S, Simcoe, a fully leased mixed-use 8-plex in one of the town's most desirable downtown locations. The three-storey building offers over 9,000 SF above grade, featuring two high-exposure commercial units with 15' ceilings and six spacious residential suites with strong natural light and separately metered utilities for the upper units. Extensive capital improvements include roof and flashing, flooring, plumbing, electrical, sub-panels, fixtures, and masonry upgrades. The property also benefits from ample on-site parking and flexible CBD zoning, allowing for a wide range of permitted uses, including the potential to add an additional unit on the main floor. A well-located income-producing asset with a Vendor Take-Back mortgage available in first or second position, providing additional flexibility for qualified buyers. (id:65958)

Subtype: Multi-family
Structure: Multi-Family
Community: Simcoe
Living area: 9,113 square feet
Lot dimensions: 112.76 x 81.22 FT
Parking: 6 total
On market: Mar 2, 2026
Status changed: Apr 27, 2026
Annual tax: $6,332.12
Zoning: CBD
Photos: 14
MLS#: X12836664
Area: NORFOLK_(SIMCOE)

Features and systems

Heating

Forced airNatural gas

Cooling

None

Negative cash flow ~$2,098/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.30%

Cap rate

3.60%

GRM

16.7

Break-even rent

$12,208

Financing

Down payment$399,800

Loan amount$1,599,200

Mortgage$8,103/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$916

Insurance$80

Maintenance$1,666

CapEx reserve$833

Vacancy loss$500

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $8,103/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.