John DiRenzo, Sales Representative • Phone: 519-857-3490 • https://www.homechannel.ca RE/MAX Centre City John DiRenzo Team Brokerage

2421 Highway 24 , Simcoe, ON, N3Y 4K3 | MLS 40591589: For Sale

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2421 Highway 24 , Simcoe

Brokered by: Century 21 Heritage House LTD

MLS® ID 40591589

$875,000.00 For Sale | Residential Income

FOR SALE
Type: Residential Income 
Property Type: Multi-4 Unit
MLS® District: Town of Simcoe / Town of Simcoe
County: Norfolk
Postal Code: N3Y 4K3
Direction Faces: East
Year Built: 1950
New Construction Y/N:  No
Stories Total: 2
Bedrooms Total:  7
Number Of Units Total:  4


     
Cross Street: Concession 13
Directions: Hwy 24 north of Hwy 3 on west side
Exterior Features: Backs on Greenbelt,Separate Hydro Meters
Interior Features: Separate Heating Controls,Separate Hydro Meters
Appliances:  Refrigerator,Stove
Inclusions:  Smoke Detector
Exclusions:  Tenant Belongings
Patio and Porch Features:  Deck
Lot Depth:  518.6
Lot Size: 518.6 x 97.18 97.18  Fronting: West
Lot Size Square Feet:  81021.6
Lot Size Acres:  1.86 Acres
Lot Features:  Business Centre,City Lot,High Traffic Area,Schools
Acres Range:  0.50–1.99
Restrictions:  Conserv. Control

Parking Features:  Attached Garage,Gravel
Driveway Parking:  Front Yard Parking,Outside/Surface/Open
Attached Garage Y/N:  Yes
Garage Spaces:  1
Parking Total:  8
Covered Spaces:  1
Open Parking Y/N:  true
Open Parking Spaces:  8

Building Area Total Aprx.:  2858 Square Feet
Finished SqFt Aprx. (Above Grade):  2858 Square Feet
Laundry Features:  In-Suite
Exterior: Vinyl Siding
Roof:  Metal
Basement:  None
Security Features:  Smoke Detector,Alarm System,Carbon Monoxide Detector(s)
Sewer:  Septic Tank
Water:  Well
Heating:  Fireplace(s),Natural Gas
Cooling:  None
Fireplace Y/N:  true
Crops Included Y/N:  No
WaterFront Y/N:  No
Other Structures:  None
Foundation Details:  Brick/Mortar
Insurance Expense:  3800
Road Surface Type:  Paved
Road Frontage Type:  Municipal Road
Expenses:  Actual
Utilities Expense:  221
Number of Other Units:  1


Remarks: 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.


Contact Us!

2421 Highway 24, Simcoe ON N3Y 4K3 | MLS ID® 40591589
For More Information or Schedule a Showing, send John a Message or Call 519-857-3490
John DiRenzo, Sales Representative | RE/MAX Centre City John DiRenzo Team Brokerage


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