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! **vendor take back mortgage(VTB) available** (id:55598)
- MLS® 40573414
- Date Listed04/19/2024
- Days on Realty 76 Days
- Bedrooms 8
- Bathrooms 5 baths
- Lot Size -
- Sewer Septic Tank
- Property Type Quadruplex
- Water Well
- Square Feet 4,002 sq. ft
- Price Per Sq. Ft $199.65
Interior Features
- Cooling None
- Heating Forced Air, Natural Gas
Exterior / Lot Features
- Roof -
- Lot Size Acres -
- Lot Size SQFT -
- Lot Features -
Nearby Schools
Source: School Digger
Public • PK - 8
3.76 km
Distance
Public • PK - 8
4.93 km
Distance
Public • PK - 8
5.43 km
Distance
Lynndale Heights Public School
Public • PK - 8
5.38 km
Distance
Public • PK - 8
7.46 km
Distance
Holy Trinity Catholic High School
Public • 9 - 12
4.18 km
Distance
École élémentaire catholique Sainte-Marie-Simcoe
Private • PK - 8
2.33 km
Distance
Private • 9 - 12
2.84 km
Distance
Sales & Tax History
Source: Public Records
Street Address | Beds | Baths | Sold Date | List Price |
---|---|---|---|---|
281 South Drive, Simcoe ON N3Y 1G9 | 3 | 2 | Jun 03, 2024 | $440,000 |
28-160 Stanley Street, Simcoe ON N3Y 5E6 | 3 | 3 | Jun 15, 2024 | $514,900 |
2 Tyrell Street, Simcoe ON N3Y 2H1 | 4 | 2 | May 30, 2024 | $549,999 |
45 Sunset Drive, Simcoe ON N3Y 4G2 | 4 | 2 | Jun 15, 2024 | $549,900 |
240 Queensway W, Simcoe ON N3Y 2N1 | 2 | 2 | Jun 15, 2024 | $449,900 |
19-510 Queensway Street W, Simcoe ON N3Y 4R4 | 3 | 2 | Jun 15, 2024 | $546,999 |
19 Richard Avenue, Simcoe ON N3Y 3J1 | 3 | 1 | Jun 15, 2024 | $490,000 |
191 Head Street N, Simcoe ON N3Y 3X6 | 4 | 2 | Jun 15, 2024 | $459,900 |
432 FOURTEENTH Street W | 2 | 1 | Jun 01, 2024 | $529,000 |
191 HEAD Street N | 4 | 2 | May 22, 2024 | $459,900 |
0/100
Car-Dependent
Walk Score ®
0/100
Minimal Transit
Transit Score ®
22/100
Bikable
Bike Score ®
Overview
Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 8/100, Transit Score: 0/100, Bike Score: 26/100.
Points of interest near 3446 HIGHWAY 3, Simcoe, ON N3Y4J9
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Simcoe Lighting, Norfolk, ON, Canada
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Kent Creek, Norfolk, ON, Canada
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Frequently Asked Questions for 3446 HIGHWAY 3
Source: Realty.com
3446 HIGHWAY 3, Simcoe, ON N3Y4J9 is a Quadruplex, Residential Income property listed for $799,000 The property is 4002 sq. ft with 8 bedrooms and 5 bathrooms
Realty.com has 47 photos of 3446 HIGHWAY 3.
The full address for this home is 3446 HIGHWAY 3, Simcoe, ON N3Y4J9.
3446 HIGHWAY 3 has been listed on Realty.com since Fri April 19, 2024
Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 8/100, Transit Score: 0/100, Bike Score: 26/100.
Listing provided courtesy of:
EXP REALTY OF CANADA INC
(tel: (866) 530-7737)
Listing agent:
Tasha Murugathasan
(tel: (647) 847-6183)
This content last refreshed on 2024-07-04 20:39:37. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 3446 HIGHWAY 3, Simcoe, ON N3Y4J9 : MLS® 40573414