Size
-
Lot size
924.66 sqm
Street frontage
N
Possession
FLEXIBLE
Price per sqm
$1,720 - $2,461
Taxes
$3,234 (2024)
Parking Type
-
Style
2-Storey
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Description
Impressive 8.19% Cap Rate, $73,200 in gross annual income! Don't miss this fantastic investment opportunity in Simcoe, ON, with close proximity to grocery stores and amenities. This 4plex includes one spacious 3-bedroom and three 1-bedroom units. With strong rental income and low expenses, this property is a lucrative investment. Each unit has been thoughtfully renovated over the last couple of years with updated electrical, plumbing, new appliances, and modern finishes. The property features separate gas, hydro, and water meters keeping expenses low for the new owner. Additional highlights include a durable metal roof and ample parking for five vehicles. With reliable tenants already in place, this is a hassle-free investment. Act now to secure this well-maintained, income-generating property in Simcoe!
EXTRAS:
EXTRAS:
Broker: BLUE FOREST REALTY INC.
MLS®#: X11903982
Property details
Parking:
5
Parking type:
-
Property type:
Multiplex
Heating type:
Forced Air
Style:
2-Storey
MLS Size:
325-465 sqm
Lot front:
19.81 M
Lot depth:
46.63 M
Listed on:
Jan 3, 2025
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Instant estimate:
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$31,174
lower than listed pricei
High
$807,162
Mid
$768,726
Low
$730,290