Prime Investment Opportunity in Downtown Simcoe!. Discover the perfect blend of modern living and investment potential with this exceptional 6-Plex property in the heart of Simcoe. Nestled in a highly desirable downtown location, this multi-residential gem offers easy access to charming shops, essential services, and the scenic walking trails along the Lynn River. Property Highlights: 6 Units: A balanced mix of updated and well-maintained units, with 4 recently renovated to meet the demands of today’s renters; Parking: Ample parking options with both street and onsite availability, ensuring convenience for tenants. Prime Location: Steps away from everything downtown Simcoe has to offer, making it a magnet for prospective tenants seeking lifestyle and convenience. This property isn’t just about its current appeal—it’s a gateway to the thriving multi-residential market. As demand for quality rental units continues to rise in Simcoe, this 6-plex offers a stable and growing income stream. With four units already upgraded, the heavy lifting is done, allowing you to focus on maximizing returns. The mix of updated units ensures strong rental rates, while the unbeatable location guarantees high occupancy and low turnover. Capitalize on the increasing value of multi-residential properties in this vibrant community. Whether you’re a seasoned investor or looking to expand your portfolio, this 6-plex is a strategic addition that promises long-term growth and stability. Don’t miss out on this rare opportunity to secure a property with excellent potential in one of Simcoe’s most sought-after areas. (id:47423)
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Detailed Information
Bedrooms
6
Bathrooms
6
Lot
62 x 110 ft
Amenities Nearby
Hospital, Park, Public Transit, Shopping
Community Features
Community Centre
Features
Shared Driveway
Listing Contract Date
2025-01-07
Location Description
From Corner of Highway 24/Norfolk St and Highway 3/Queensway: Head south on Hwy 24/Norfolk St through downtown to Victoria St. Home is on corner. Free street parking on both sides of Norfolk St.
Ownership Type
Freehold
# of Parking Spaces
6
Property Type
Multi-family
Structures
Shed, Porch
Transaction Type
For sale
Zoning Description
CBD
Building
Basement Development
Unfinished
Basement Type
Partial (Unfinished)
Constructed Date
1885
Cooling Type
None
Exterior Finish
Brick
Foundation Type
Poured Concrete
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Access Type
Road access
Amenities
Hospital, Park, Public Transit, Shopping
Sewer
Municipal sewage system
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