Seller willing to hold up to $50,000 VTB for an approved buyer (First year 0% interest, second year 10% interest), FREE property management for 1 year, and 1 unit (1 bedroom) vacant for July 1st! Welcome to this fantastic investment opportunity in Simcoe, ON with close proximity to grocery stores and amenities! This 4plex offers a mix of units including one spacious 3-bedroom and three cozy 1-bedroom units. Boasting strong rental income and low expenses, this property is listed at a 7.4 cap, making it a lucrative investment. Each unit has been thoughtfully renovated over the last couple years, featuring updated electrical, plumbing, new appliances, and all new finishes. The property offers separate gas, hydro, and water meters - keeping the expenses low for the new owner. Additional features include a durable metal roof and ample parking with space for five vehicles. The current tenants are reliable, making this a hassle-free investment opportunity. Don't miss out on the chance to own this well-maintained and income-generating property in Simcoe! |
Price | $850,000 |
Taxes: | $3234.00 |
Assessment: | $228000 |
Assessment Year: | 2024 |
Occupancy by: | Tenant |
Address: | 32 TALBOT St South , N3Y 2Z2, Ontario |
Postal Code: | N3Y 2Z2 |
Province/State: | Ontario |
Legal Description: | LT 1 BLK 92 PL 182; PT LT 2 BLK 92 PL 18 |
Directions/Cross Streets: | CORNER OF TALBOT STREET SOUTH & WEST ST |
Total Area: | 3700.00 |
Total Area Code: | Sq Ft |
Area Influences: | Park |
Insurance Expense: | $2640 |
Other Expenses: | $350 |
Washrooms: | 4 |
Heat Type: | Forced Air |
Central Air Conditioning: | Central Air |
Sewers: | Sewers |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
BLUE FOREST REALTY INC. |
|
Book Showing | Email a Friend |
Type: | Com - Investment |
Tax: | $3,234 |
Baths: | 4 |