2421 HIGHWAY 24
Simcoe, Ontario, Canada

MLS#: 40591589

$612,381 USD

CA$875,000 CAD

  • Bedrooms
    7
  • Home/Lot size
    266m²  (2,858ft²)
The details

Property features

Construction details

  • Year built: 1950

Other features

  • Heating system: Fireplace

Area

  • Property size: 266m²  (2,858ft²)
  • Land/Lot size: 7,527m²  (1.86ac)
  • Bedrooms: 7
  • Total rooms: 7

Description

Investors. This turn-key, low maintenance, cash flowing Four-plex is located near the heart of Simcoe. Close to shopping, dining, and entertainment. Cap Rate of 7.09. Built in 1950, unit is situated on a 2.12 acre parcel backing onto scenic fields. Lots of parking in front. 4 spacious are fully rented to A+ tenants units and each unit pays it's own hydro and gas meter. This building has an extensive list of new updates and renovations throughout the interior and exterior. 1-3 Bedroom unit, 1-1 Bedroom unit, 1-1+Den unit, and 1-2 Bedroom unit.

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Location

Simcoe, Ontario, Canada