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145 Norfolk St S

Norfolk St SNorfolk CountyON, N3Y 2W3

6
Beds
6
Baths
4,282
Sq. Ft.
$820,000
List Price
145 Norfolk St S, Norfolk County, ON - 1 of 3
145 Norfolk St S, Norfolk County, ON - 2 of 3
145 Norfolk St S, Norfolk County, ON - 3 of 3
105 days on market

Quick Summary

  • Balanced mix of updated and well-maintained units
  • Ample parking options with street and onsite availability
  • Steps away from downtown Simcoe's shops and services
  • Stable and growing income stream from 6 rental units
  • Four units already upgraded, minimizing renovation needs
  • Strong rental rates due to updated unit mix
  • High occupancy and low turnover in desirable location
  • Excellent long-term growth and stability potential

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... Show More

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:54626)

Property Details

Size

4,282 sq. ft.
across 2 floors
6 Beds
6 Baths
6 Full

Parking

6 Parking Spaces
-

Lot

Size
743′12″ * 1320′0″
Acres
-

Build

Year Built
1885
Model Name
-
Basement
Unfinished
Exterior
Brick
Foundation
Poured Concrete
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Forced air
Cooling
None

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
40629474
Last Updated
August 11, 2024
Brokerage
RE/MAX ERIE SHORES REALTY INC. BROKERAGE
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