17300 Simcoe Street, Scugog, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Port Perry. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,800,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 1 Bathroom
- Premium 239.99 x 152.77 ft lot size
- equipped with no central cooling and highly efficient oil forced air heating
Description
Great investment opportunity: C6 Zoning allows Residential and Automotive repairs or Trade services. Plumber, Electrician, Carpenter ,Roofer etc.(House and shop included in the price)- Almost an acre of land (.84) with 32 parking spots. Shop has 4 offices, 2 washrooms, 30 parking spots and 3 shop doors. Building has it's own well and septic and separate hydro. Shop is fenced and has it's own extra wide commercial driveway. Currently being used as National auto parts distribution center. Extra large Residential bungalow (1730 Sqft) is included in price.( see Residential listing)Bungalow has 4 Bedrooms, 4 washrooms, 2 kitchens with separate entrance to in-law suite. Home has it's own well, septic and hydro. House and Shop rented separately for a total of $10,900 monthly. Tenants pay own Hydro individually. Great tenants willing to stay after their lease expires. Over 200k spent on upgrades and improvements. Investors can possibly demolish Shop and rebuild a modern income machine.
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Pricing & Value Insights
Data-driven valuation for 17300 Simcoe Street N, Scugog, ON L9L 1B2
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About Purchasing a Home in Scugog, ON
For a property listed at $1,800,000 in Scugog, the legal minimum down payment is $360,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $32,475 for this transaction. As this listing is in Scugog (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $32,475.
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