95 Norfolk Street South

The Property is located on the hard corner of Norfolk Street South, a major artery, and Water Street in Downtown Simcoe. It is within walking distance of the L.E. & N Trail, the Norfolk Golf & Country Club, and all the amenities the downtown core has to offer. In addition, the property is located less than 1 km from the Norfolk General Hospital. Norfolk Street South (HWY 24) connects to HWY 3 1.25 km north of the site. Beyond the downtown core, the property is surrounded by residential uses.

DEVELOPMENT POTENTIAL

The CBD zoning allows for a mixed-use zoning. The allowed commercial uses are numerous and varied. In addition, the zoning allows for a maximum building height of 6 storeys. This zoning would allow for a mixed-use development with commercial on the ground floor and residential above. The Official Plan also supports a mixed-use development.

ENVIRONMENTAL

The Vendor has conducted on-site environmental assessment work. Upon prospective purchasers executing a Confidentiality Agreement, Imperial will provide access to a “Confidential Data Room” which will contain, among other documents, relevant environmental reports and the Vendor’s standard form Offer to Purchase (OTP). The information provided in the Data Room is for information only, and the Vendor makes no warranties or representations regarding the accuracy of that information. Accordingly, the Purchaser will be encouraged to review these reports and the OTP (including the schedules attached to the OTP) prior to submitting an Expression of Interest. The property will be sold on an “as is, where is” basis. The Vendor has a completed Record of Site Condition (RSC) to commercial standards. The Vendor will not be completing any further environmental assessment work.

SITE/PROPERTY DESCRIPTION

The property is approximately 0.283 acres in size and has a frontage of approximately 104.61 feet on Norfolk Street South, with a depth of approximately 118.35 feet on Water Street. The site is currently vacant land and is rectangular in shape.