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145 Norfolk Street S Simcoe, Ontario N3Y 2W2

6 Bedroom 6 Bathroom 4282 sqft
None Forced Air

$820,000

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 appeal—it’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. (id:31697)

Property Details

MLS® Number 40629474
Property Type Multi-family
AmenitiesNearBy Hospital, Park, Public Transit, Shopping
CommunityFeatures Community Centre
Features Shared Driveway
ParkingSpaceTotal 6
Structure Shed, Porch

Building

BathroomTotal 6
BedroomsTotal 6
BasementDevelopment Unfinished
BasementType Partial (unfinished)
ConstructedDate 1885
CoolingType None
ExteriorFinish Brick
FoundationType Poured Concrete
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 2
SizeInterior 4282 Sqft
UtilityWater Municipal Water

Land

AccessType Road Access
Acreage No
LandAmenities Hospital, Park, Public Transit, Shopping
Sewer Municipal Sewage System
SizeDepth 110 Ft
SizeFrontage 62 Ft
SizeTotalText Under 1/2 Acre
ZoningDescription Cbd

https://www.realtor.ca/real-estate/27278430/145-norfolk-street-s-simcoe

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