Seller willing to hold up to $50,000 VTB for an approved buyer (First year 0% interest, second year 10% interest), FREE property management for 1 year, and 1 unit (1 bedroom) vacant for July 1st! Welcome to this fantastic investment opportunity in Simcoe, ON with close proximity to grocery stores and amenities! This 4plex offers a mix of units including one spacious 3-bedroom and three cozy 1-bedroom units. Boasting strong rental income and low expenses, this property is listed at a 7.4 cap, making it a lucrative investment. Each unit has been thoughtfully renovated over the last couple years, featuring updated electrical, plumbing, new appliances, and all new finishes. The property offers separate gas, hydro, and water meters - keeping the expenses low for the new owner. Additional features include a durable metal roof and ample parking with space for five vehicles. The current tenants are reliable, making this a hassle-free investment opportunity. Don't miss out on the chance to own this well-maintained and income-generating property in Simcoe!
LT 1 BLK 92 PL 182; PT LT 2 BLK 92 PL 182 AS IN NR460890; S/T NR460890; NORFOLK COUNTY
Occupancy
Tenant
Possession Date
tenanted
Taxes (2023)
$3,234
Assessment (2024)
$228,000
Directions/Cross Streets
Talbot And West
Neighbourhood
Simcoe
Area
Norfolk
Price History
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Detailed Information
Bathrooms
4
Lot
65.05 x 0
Total Area
3,700 ft2
Air Conditioning
Other
Basement
Y
Garage Type
Outside/Surface
Parking Spaces
5
Heat Type
Forced Air
Insurance Expense
$2,640
Other Expenses
$350
Sewers
Sewers
Water
Municipal
Zoning
R3
Seller Property Info Statement
Y
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