Quick Summary
Quick Summary
- Spacious main house with over 2000 sq ft
- Triplex with three rental units for income
- Unfinished basement with separate entrance
- Renovated 1-bedroom unit in triplex
- Over half-acre lot with room for expansion
- Attached garage with potential rental income
- Close to Lake Erie beaches and recreation
- Direct access to Highway 3 for commuting
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... Show More
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! (id:54626)
Property Details
Size
Parking
Lot
Build
Heating & Cooling
Utilities
Ownership Details
Ownership
Book A Private Showing
For Sale Nearby
Sold Nearby
- 2,000 - 2,500 Sq. Ft.
- 4
- 2
- 2
- 1
- 1,100 - 1,500 Sq. Ft.
- 3
- 1
- 1,400 - 1,599 Sq. Ft.
- 2
- 2
- 1,100 - 1,500 Sq. Ft.
- 2
- 2
- 1,200 - 1,399 Sq. Ft.
- 2
- 3
- 1,500 - 2,000 Sq. Ft.
- 4
- 2
- 1,100 - 1,500 Sq. Ft.
- 2
- 2
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.