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! (id:52373)
| MLS® Number | X9283484 |
| Property Type | Multi-family |
| Community Name | Simcoe |
| ParkingSpaceTotal | 5 |
| BathroomTotal | 4 |
| BedroomsAboveGround | 6 |
| BedroomsTotal | 6 |
| Appliances | Water Heater, Dishwasher, Dryer, Refrigerator, Stove, Washer |
| BasementDevelopment | Unfinished |
| BasementType | N/a (unfinished) |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Vinyl Siding |
| FoundationType | Block, Brick, Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 3499.9705 - 4999.958 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 153 Ft |
| SizeFrontage | 65 Ft ,1 In |
| SizeIrregular | 65.1 X 153 Ft |
| SizeTotalText | 65.1 X 153 Ft |
| ZoningDescription | R3 |
| Level | Type | Length | Width | Dimensions |
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https://www.realtor.ca/real-estate/27344663/32-talbot-street-s-norfolk-simcoe-simcoe
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Taylor Ivany
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Lara Cutler
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