Investors. This turn-key, low maintenance, cash flowing Four-plex is located near the heart of Simcoe. Close to shopping, dining, and entertainment. Cap Rate of 7.09. Built in 1950, unit is situated on a 2.12 acre parcel backing onto scenic fields. Lots of parking in front. 4 spacious are fully rented to A+ tenants units and each unit pays it's own hydro and gas meter. This building has an extensive list of new updates and renovations throughout the interior and exterior. 1-3 Bedroom unit, 1-1 Bedroom unit, 1-1+Den unit, and 1-2 Bedroom unit.
MLS# | 40591589 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 1950 |
Days On Site | 143 |
Listing Provided By | Century 21 Heritage House LTD | Andy Tulloch |
Bed(s) | 7 |
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Bath(s) | 4 |
SQ Feet | 2,858 |
Garage | 1 |
Story(s) | 2 |
Units | 4 |
Zoning | A, HL |
Acreage | 1.86 |
Province | ON |
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County | Norfolk |
City | Simcoe |
Postal Code | N3Y 4K3 |
Area | Town of Simcoe |
Subarea | Town of Simcoe |
Community Name | Town of Simcoe |
Listing VS Median (in Town of Simcoe) | |
Price: $875,000 low | high Med: $639,999 SqFt: 2,858 low | high Med: 1,304 $ / SqFt: $306 low | high Med: $491 On Site: 143 low | high Med: 5 |