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 Hamilon. Toronto & Niagara Falls within 1.5 hr drive away, perfect for weekend getaways.This is an investment opportunity you wouldn't want to miss! (id:47423)
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Detailed Information
Bedrooms
4
Bathrooms
3
Lot
148 x 142 ft
Amenities Nearby
Golf Nearby, Hospital, Schools, Shopping
Features
Crushed stone driveway, Country residential
Listing Contract Date
2024-04-19
Location Description
Highway 3 and Concession Road 10
Ownership Type
Freehold
# of Parking Spaces
9
Property Type
Single Family
Structures
Workshop
Transaction Type
For sale
Zoning Description
A
Building
Architectural Style
2 Level
Basement Development
Unfinished
Basement Type
Full (Unfinished)
Construction Style (Attachment)
Detached
Cooling Type
None
Exterior Finish
Vinyl siding
Foundation Type
Unknown
# of Half Bathrooms
1
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
House
Utility Water
Sand point
Rooms
Room
Level
Dimensions
Notes
4pc Bathroom
Second level
8'1'' x 7'7''
Bedroom
Second level
15'7'' x 9'9''
Bedroom
Second level
9'10'' x 11'6''
Bedroom
Second level
11'4'' x 11'6''
2pc Bathroom
Basement
3'0'' x 5'0''
Bedroom
Main level
14'0'' x 12'0''
Kitchen/Dining room
Main level
13'5'' x 14'10''
Laundry room
Main level
7'9'' x 5'5''
3pc Bathroom
Main level
7'9'' x 8'6''
Living room
Main level
13'2'' x 20'3''
Parking Spaces
Name
Spaces
Attached Garage
Land
Total Size
1/2 - 1.99 acres
Access Type
Road access, Highway access
Amenities
Golf Nearby, Hospital, Schools, Shopping
Sewer
Septic System
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