Seize a rare opportunity to own a cornerstone of downtown Simcoe’s vibrant commercial landscape at 5 Norfolk Street North. This iconic 16,000 sq. ft. property, historically known as Budds Department Store for over 80 years (1930s–2016) and now operating as Clarence’s Clearances, offers unmatched potential for visionary investors and entrepreneurs eager to shape the future of Norfolk County’s downtown core. Strategically positioned on a high-traffic corner in the heart of Simcoe, this concrete and brick building features two expansive levels of approximately 7,000 sq. ft. each, with flexible C1 zoning that supports a wide array of commercial uses, including the potential to add a third floor for further development. The property is equipped with modern amenities, including gas forced air heating, two boilers, three separate meters for versatile tenant configurations, and an elevator (not functional) providing access to a newly upgraded flat roof with a $45,000 roof liner investment, ensuring durability and low maintenance. With its prominent location, this property benefits from exceptional visibility and accessibility, surrounded by a thriving community of shops, restaurants, and cultural amenities, including nearby Wellington Park and the Norfolk County Carillon Memorial Tower. The large square footage offers endless customization possibilities, whether for retail, office space, mixed-use residential development, or innovative ventures. All current inventory is negotiable, and one parking space is included.
This is a prime opportunity for savvy investors to make a lasting impact on downtown Simcoe’s growth and vitality. With its rich history and untapped potential, 5 Norfolk Street North is ready for a new chapter. Located just a short, scenic drive from all major cities in Southwestern Ontario, and close proximity to Norfolk’s renowned beaches, marinas, golf courses, and seasonal farm fresh fruit/veggie stands.
Property Type:
Commercial Sale
Property SubType:
Retail, Building and Land
Listing General Location:
Town of Simcoe, Town of Simcoe
Bedrooms:
0
Bathrooms:
-
(Full:-/Half:-)
Washrooms:
3
Lot Details:
80.17 x
Lot Frontage:
80'2"24.4 m
Frontage Type:
West
Kitchens:
0
County Or Parish:
Norfolk
Features:
Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
Construction:
Brick
Basement:
Full
Foundation:
Poured Concrete
UFFI:
No
Number of Storeys:
1
Total Floor Area:
16,125 sq. ft.1,498 m2
Retail Area:
11,416 sq. ft.1,061 m2
Fireplace:
false
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
false
No
Corner of HWY 24 and Argyle
No
Features:
Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
Zoning:
C1
Exposure / Faces:
East
Lot Site Features:
Business Centre, City Lot, High Traffic Area, Hospital
Features:
Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
Listed by RE/MAX ERIE SHORES REALTY INC. BROKERAGE
Data was last updated September 8, 2025 at 03:50 AM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$769,500
Min list price:
$259,000
Max list price:
$5,499,000
Avg days on market:
123
Min days on market:
30
Max days on market:
347
Avg price per sq.ft.:
$185.56
These statistics are generated based on the current listing's property type
and located in
Town of Simcoe. Average values are
derived using median calculations. This data is not produced by the MLS® system.