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$ 2,300,000
Est. payment | /mo
$ 2,300,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Subdivision City Centre
MLS Listing ID S12590872
Annual Tax Amount $31,499
Tax Year 2025
Property Sub-Type Office
Property Description
A rare opportunity to acquire a cornerstone asset in the heart of downtown. This well-maintained professional office building has been home to RBC exclusively since 1982, offering long-standing stability and exceptional tenant covenant strength. The property features 6,306 SF of bright above-ground office space across two levels, complemented by an additional 1,470 SF of functional basement storage.The current RBC lease is in place until the end of October 2027 and includes three renewal options, providing investors with both immediate income continuity and future upside potential. Built in 1971 and zoned C1-2, the building sits in a high-visibility, high-demand commercial corridor with strong foot traffic and excellent accessibility.This is an exceptional opportunity for investors seeking secure cash flow, a reputable national tenant, and long-term value in a prime downtown location. Full lease documentation is available upon execution of a Confidentiality Agreement.
Location
Province ON
County Simcoe
Community City Centre
Area Simcoe
Interior
Cooling Yes
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 72.01
Lot Depth 52.0
Building
Building Age 51-99
Others
Security Features No
ParcelsYN No
Listed by CHARISSA REALTY INC.
We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.