For Sale

145 NORFOLK Street, Simcoe, Ontario N3Y2W2

$820,000

145 NORFOLK Street, Simcoe, Ontario N3Y2W2 is For Sale and has a listing price of 820,000. The property is located in the Simcoe neighbourhood. It's been on the website for 102 Days.

  • Multi-family
    Property Type
  • 6
    Bedrooms
  • 6
    Bathrooms
  • 6
    Parking Spaces
  • MLS ID: 40629474
  • Office Name RE/MAX ERIE SHORES REALTY INC. BROKERAGE,RE/MAX ER
Property Description

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:43137)

Property Details
  • Bedrooms: 6
  • MLS ID: 40629474
  • Bathrooms: 6
  • Price: $820,000
  • Transaction Types: For Sale
  • Ref ID: 27278430
  • Year Built: N/A
  • Property Type: Multi-family
  • Property Type: All Houses
  • Property Sub Category: All Houses
Price History
List Date MLS ID List Price Status End Date Closed Price
08/09/2024 40629474 $820,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Simcoe
  • $818,238 Average List Price
    based on 1 year
  • 81 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 2.61 % Up
  • Sold (12mo) 37
  • Rented (12mo) 14

  • 1 Month Change -8.7%
  • 3 Month Change -9.1%
  • 6 Month Change -17.6%
Walkscore
  • 88 Walk Score
    Very Walkable
  • 64 Bike Score
    Bikeable
Property Type Distribution
  • All Houses
    77.15%
  • Commercial
    17.78%
  • Condo
    3.88%
  • Land for Sale
    1.18%
Additional Details
  • Sewers Municipal Sewage System
  • Heat Source Natural Gas
  • Basement2 Partial (unfinished)
  • Heating System Forced Air
  • Water Municipal Water
  • Exterior Brick
  • Cooling System None
  • Total Parking Spaces: 6
  • Property Features Shared Driveway
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 09/08/2024 00:00:00
  • Zoning R1-a
  • Agent Name: GREG GRANT,PATRICK MAAS
  • Address Subdivision: Town of Simcoe
  • Last Updated: 11/08/2024 18:42:32
Open House Dates
Want to see this property?