3446 Highway 3 Simcoe, Ontario N3Y 4J9
$999,900
Single family house in the front, Triplex in the back.. Welcome to one of the rarest offerings around **AND OVER A 6% CAP Rate** This property leaves the door open to almost any opportunity you can dream of. Move in to the house and let the triplex pay your mortgage. Add it to your portfolio and collect over 60k per year in net income!! Offering a 4 bedroom, 2 bathroom main house with over 2000 sqft of living space, and a fully self contained triplex PLUS attached garage in the backyard, equipped with two 1 Bed units and a massive 2 Bed unit on the ground floor. This property generates $6,255.00 monthly in rental income and has the potential to increase the income even more. The main level 1 bedroom unit was just fully overhauled and renovated top to bottom, the entire property was painted on the exterior and all the septic systems were pumped and inspected prior to listing. The property sits on over a half an acre with lots of room to expand even more. The main house also has a full basement with separate entrance that can be turned into a 5th unit to add even more value and cash flow to the property again. This truly is one of the best investments you can add to your portfolio. (id:29966)
Property Details
| MLS® Number | 40461224 |
| Property Type | Multi-family |
| Equipment Type | None |
| Features | Level Lot, Crushed Stone Driveway, Level, Country Residential |
| Parking Space Total | 9 |
| Rental Equipment Type | None |
Building
| Bathroom Total | 5 |
| Bedrooms Total | 8 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Fire Protection | None |
| Fixture | Ceiling Fans |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1700 |
| Type | Fourplex |
| Utility Water | Sand Point, Well |
Parking
| Attached Garage |
Land
| Acreage | No |
| Sewer | Septic System |
| Size Depth | 142 Ft |
| Size Frontage | 148 Ft |
| Size Total Text | 1/2 - 1.99 Acres |
| Zoning Description | A |
https://www.realtor.ca/real-estate/25888548/3446-highway-3-simcoe
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August 01 2023 03:13:59
Brantford Regional Real Estate Assn Inc
RE/MAX Twin City Realty Inc.