9 Cherry Street Simcoe, Ontario N3Y 1B3

6 Bedroom 2 Bathroom 2,180 ft2
Ductless Heat Pump

$599,900

Exceptional Investment Opportunity! Turnkey Duplex with Strong Rental Income This updated, purpose-built duplex is a prime investment property, generating an impressive $44,904 annually in gross rental income. Upper Unit pays $1900 plus heat and hydro. Lower Unit pays $1842 plus heat and hydro. Located in a highly desirable Simcoe neighborhood, this property is just minutes from shopping, schools, parks, and scenic trails. The duplex features two spacious 3-bedroom units, each with its own private driveway and separate meters for added convenience. Both units have been thoughtfully updated with modern finishes, including brand-new kitchens (2021), flooring (2022), bathrooms (2021), and roof (2021). Additionally, both units are equipped with four-head split ductless AC/heat pumps (2021), ensuring year-round comfort and energy efficiency. Sitting on a large lot, this property offers plenty of potential and is ideally situated near essential amenities. Whether you're an investor looking for a steady income stream or a homeowner seeking extra rental income, this duplex is an excellent choice. Don’t miss out on this turnkey investment opportunity—schedule your viewing today! (id:61594)

Property Details

MLS® Number 40711971
Property Type Multi-family
Amenities Near By Park, Schools, Shopping
Equipment Type Water Heater
Parking Space Total 2
Rental Equipment Type Water Heater
Structure Shed

Building

Bathroom Total 2
Bedrooms Total 6
Basement Development Finished
Basement Type Full (finished)
Cooling Type Ductless
Exterior Finish Brick Veneer, Vinyl Siding
Foundation Type Poured Concrete
Heating Fuel Electric
Heating Type Heat Pump
Stories Total 1
Size Interior 2,180 Ft2
Type Duplex
Utility Water Municipal Water

Land

Acreage No
Land Amenities Park, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 198 Ft
Size Frontage 50 Ft
Size Total Text Under 1/2 Acre
Zoning Description R2

https://www.realtor.ca/real-estate/28106646/9-cherry-street-simcoe

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