Uncover a unique investment opportunity with this property, featuring a single-family home & a triplex. This rare find offers a CAP rate of over 6%, presenting a myriad of possibilities. Consider moving into the spacious main house & let the income from the triplex cover your mortgage. The main house offers over 2000 square feet of living space, including 4 beds and 2 full baths. It also features an unfinished basement with a separate entrance, providing the potential to create an additional unit for increased property value & cash flow. The triplex comprises three units: one 2-bed unit and two 1-bed units, each with a full bathroom. The main level 1-bedroom unit has been fully renovated. The property, sitting on over half an acre of land, offers room for expansion & potential for future developments. The property also includes an attached garage that could potentially be rented out, three sheds currently used by the tenants, & a fire pit., Sandpoint well. Located in Simcoe, known for its safety & lower cost of living, this property is just 15 mins from Lake Erie & its beaches, offering a serene environment & recreational opportunities. Enjoy local events & festivals, craft breweries, & the Norfolk Golf and Country Club for socializing and leisure. With direct access to Highway 3, major cities are within easy reach. 15 mins to Port Dover. 60 mins to Hamilton. Toronto & Niagara Falls are within 1.5 hour drive away, perfect for weekend getaways. This is an investment opportunity you wouldn't want to miss!
Extras
3 septic systems on the property (cleaned yearly)- 1 for the main house & 2 for the rear triplex. 2 hot water tanks & 2 furnaces owned. Separate heating control and meters.
PT LT 23 CON 10 CHARLOTTEVILLE AS IN NR547105;NORFOLK COUNTY
Possession Date
60-90 days
Taxes (2023)
$3,942
Directions/Cross Streets
Highway 3 And Concession Road 10
Neighbourhood
Simcoe
Area
Norfolk
Price History
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Detailed Information
Fronting On
S
Property Features
Golf, Hospital, Library, School
Special Designations
Unknown
Bedrooms
8
Bathrooms
6
Rooms
24
Kitchens
4
Lot
148 x 142 ft
Lot Irregularities
139 Frontage By 142 By 148 Rear By 189
Acreage
.50-1.99
Approximate Square Footage
3500-5000
Approximate Age
100+
Exterior
Vinyl Siding
Air Conditioning
None
Family Room
N
Fireplace/Stove
N
Pool
None
Basement
Sep Entrance, Unfinished
Drive
Available
Garage Spaces
1.0
Garage Type
Attached
Parking Spaces
8
Total Parking Spaces
9.0
Heat Source
Gas
Heat Type
Forced Air
Other Structures
Workshop
Sewers
Septic
Water Supply Types
Sand Point Well
Water
Well
Zoning
A
Seller Property Info Statement
N
Rooms
Room
Level
Dimensions
Notes
Living
Main
4.01 m x 6.17 m(13.16 ft x 20.24 ft)
Laundry
Main
2.36 m x 1.65 m(7.74 ft x 5.41 ft)
Bathroom
Main
2.36 m x 2.59 m(7.74 ft x 8.5 ft)
3 Pc Bath
Kitchen
Main
4.09 m x 4.52 m(13.42 ft x 14.83 ft)
Combined W/Dining
Prim Bdrm
Main
4.27 m x 3.66 m(14.01 ft x 12.01 ft)
2nd Br
2nd
3.45 m x 3.51 m(11.32 ft x 11.52 ft)
3rd Br
2nd
3 m x 3.51 m(9.84 ft x 11.52 ft)
4th Br
2nd
4.75 m x 2.97 m(15.58 ft x 9.74 ft)
Bathroom
2nd
2.46 m x 2.31 m(8.07 ft x 7.58 ft)
4 Pc Bath
Bathroom
Bsmt
0.91 m x 1.52 m(2.99 ft x 4.99 ft)
2 Pc Bath
Bathrooms
Pieces
Level
3
Main
4
Main
3
2nd
4
2nd
2
Bsmt
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