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!
| Address |
32 Talbot St S |
| List Price |
$800,000 |
| Property Type |
Free |
| Type of Dwelling |
Multiplex |
| Style of Home |
2-Storey |
| Area |
Norfolk |
| Sub-Area |
Simcoe |
| Bedrooms |
6 |
| Bathrooms |
4 |
| Floor Area |
3,500 Sq. Ft. |
| Year Built |
100+ |
| MLS® Number |
X9283484 |
| Listing Brokerage |
BLUE FOREST REALTY INC.
|
| Postal Code |
N3Y 2Z2 |
| Tax Amount |
$3,234 |
| Tax Year |
2023 |
