Size
3269 sqft
Lot size
10186 sqft
Street frontage
-
Possession
-
Price per sqft
$239
Taxes
$3,800 (2024)
Parking Type
-
Style
Other
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Description
ANNUAL INCOME OF $74,400. This low maintenance, cash flowing Fourplex located in Simcoe has an impressive cap rate of 8.3%! Offering a 4 unit building situated on a double lot, the building features four spacious units, each with its own hydro meter and currently fully rented to high-quality A+ tenants. The property has undergone extensive renovations and updates, ensuring peace of mind for any investor. Key improvements include a new roof (2020), upgraded electrical (2019), and modern plumbing (2017). Additionally, there's potential for extra income with coin-operated laundry facilities on-site. Located in the heart of Simcoe, this Fourplex is conveniently close to local amenities, including the Norfolk Golf Club and is a quick drive to Port Dover. Don’t miss out on this fantastic investment opportunity—act quickly to secure your future!
Broker: ROYAL LEPAGE TRILAND REALTY
MLS®#: 40741672
Property details
Parking:
6
Parking type:
-
Property type:
Multiplex
Heating type:
Baseboard
Style:
Other
MLS Size:
3269 sqft
Lot front:
85 Ft
Lot depth:
118 Ft
Listed on:
May 5, 2025
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