$820,000
 $4,402 est/mo Sourced by Back At You

145 Norfolk Street S , Simcoe, ON N3Y 2W2

Simcoe, ON N3Y 2W2

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Description

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 appealit’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.

Details

MLS#40629474
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1885
Days On Site88
Listing Provided ByRE/MAX ERIE SHORES REALTY INC. BROKERAGE | Greg Grant

Features

Bed(s)6
Bath(s)6
SQ Feet4,282
BasementY
Story(s)2
Units6
ZoningCBD
Water FrontYes
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 5 minutes ago
ProvinceON
CountyNorfolk
CitySimcoe
Postal CodeN3Y 2W2
AreaTown of Simcoe
SubareaTown of Simcoe
Community NameTown of Simcoe
School DistrictSimcoe Composite School/Holy Tri
Listing VS Median (in Town of Simcoe)
Price:
$820,000
low | high
Med:
$649,900
70.743902439024% of Average
SqFt:
4,282
low | high
Med:
1,200
100% of Average
$ / SqFt:
$191
low | high
Med:
$542
100% of Average
On Site:
88
low | high
Med:
167
52.694610778443% of Average
Sourced by Back At You
Listing Updated: August 15, 2024 at 7:37:25 PM PDT