Impressive 8.19% Cap Rate, $73,200 in gross annual income! Don't miss this fantastic investment opportunity in Simcoe, ON, with close proximity to grocery stores and amenities. This 4plex includes one spacious 3-bedroom and three 1-bedroom units. With strong rental income and low expenses, this property is a lucrative investment. Each unit has been thoughtfully renovated over the last couple of years with updated electrical, plumbing, new appliances, and modern finishes. The property features separate gas, hydro, and water meters keeping expenses low for the new owner. Additional highlights include a durable metal roof and ample parking for five vehicles. With reliable tenants already in place, this is a hassle-free investment. Act now to secure this well-maintained, 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
Possession Date
FLEXIBLE
Taxes (2023)
$3,234
Assessment (2024)
$228,000
Directions/Cross Streets
Talbot St S + West St
Neighbourhood
Simcoe
Area
Norfolk
Price History
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Detailed Information
Fronting On
N
Special Designations
Unknown
Bedrooms
6
Bathrooms
4
Rooms
14
Kitchens
4
Lot
65.05 x 153 ft
Approximate Square Footage
3500-5000
Approximate Age
100+
Exterior
Vinyl Siding
Air Conditioning
Central Air
Family Room
N
Fireplace/Stove
N
Pool
None
Basement
Unfinished
Drive
Available
Garage Spaces
0.0
Garage Type
None
Parking Spaces
5
Total Parking Spaces
5.0
Heat Source
Gas
Heat Type
Forced Air
Sewers
Sewers
Water
Municipal
Zoning
R3
Seller Property Info Statement
N
Rooms
Room
Level
Dimensions
Notes
Kitchen
Main
5.48 m x 3.91 m(17.98 ft x 12.83 ft)
Bathrooms
Pieces
Level
4
3
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