Primary photo of 29 Simcoe Plaza, Terrace Bay
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Retail For Sale

$699,900

29 Simcoe Plaza

MLS® Number: TB2600539

Floor Area

5,800

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.

Property Details

Interior Details

Basement

Partial

Heating

Baseboard heaters, Electric

Living Area

5800 sqft

Building & Exterior

Exterior Features

Concrete Block

Foundation Details

Poured Concrete

Land & Location

City Region

Terrace Bay

Frontage Length

64.45

Parcel Number

624570315

Postal Code

P0T2W0

Listing & Financials

Listing Office

ROYAL LEPAGE LANNON REALTY

Originating System Name

Thunder Bay Real Estate Board

Other Specifications

Country

Canada

Mortgage Calculator

20% ($139,980)
5.5%
25 Years

Estimated Monthly Payment

$3,438

Principal and interest only. Actual rates may vary.

Location & Map

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