$899,900 $4,831 est/mo Sourced by Back At You

3446 Highway 3,Simcoe, ON N3Y 4J9

Simcoe ON, N3Y 4J9

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Description

Uncover a unique investment opportunity with this property, featuring a single-family home & a triplex. This rare find offers a CAP rate of over 6%, presenting a myriad of possibilities.Consider moving into the spacious main house & let the income from the triplex cover your mortgage. The main house offers over 2000 square feet of living space, including 4 beds and 2 full baths. It also features an unfinished basement with a separate entrance, providing the potential to create an additional unit for increased property value & cash flow.The triplex comprises three units: one 2-bed unit and two 1-bed units, each with a full bathroom. The main level 1-bedroom unit has been fully renovated.The property, sitting on over half an acre of land, offers room for expansion & potential for future developments. The property also includes an attached garage that could potentially be rented out, three sheds currently used by the tenants, & a fire pit.Sandpoint well. Located in Simcoe, known for its safety & lower cost of living, this property is just 15 mins from Lake Erie & its beaches, offering a serene environment & recreational opportunities. Enjoy local events & festivals, craft breweries, & the Norfolk Golf and Country Club for socializing and leisure. With direct access to Highway 3, major cities are within easy reach. 15 mins to Port Dover. 60 mins to Hamilon. Toronto & Niagara Falls within 1.5 hr drive away, perfect for weekend getaways.This is an investment opportunity you wouldn't want to miss!

Details

MLS#40573414
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Days On Site29
Listing Provided ByEXP REALTY OF CANADA INC | Tasha Murugathasan

Features

Bed(s)8
Bath(s)5
SQ Feet4,002
Garage1
BasementY
Story(s)2
Units4
ZoningA
Golf CourseYes
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 seconds ago
ProvinceON
CountyNorfolk
CitySimcoe
Postal CodeN3Y 4J9
AreaCharlotteville
SubareaRural Charlotteville
Community NameRural Charlotteville
Listing VS Median (in Rural Charlotteville)
Price:
$899,900
low | high
Med:
$974,900
41.665740637849% of Average
SqFt:
4,002
low | high
Med:
2,651
83.75812093953% of Average
$ / SqFt:
$225
low | high
Med:
$516
79.579773821023% of Average
On Site:
29
low | high
Med:
40.500000
71.604938271605% of Average
Sourced by Back At You
Listing Updated: May 15, 2024 at 1:36:01 PM PDT