$780,000 FOR SALE

Multiplex

Bedrooms: 6Bathrooms: 6Lot: 62 x 110 ft

145 Norfolk Street S
Simcoe, ON N3Y 2W2

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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Listed By RE/MAX ERIE SHORES REALTY INC. Brokerage
Data Provided By Cornerstone - Simcoe & District
MLS® Listing Number 40687032
Last Updated Jan 08, 2025
Property Summary
Property Type Multiplex

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Subdivision Town of Simcoe
Price History
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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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