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

3446 Highway 3 , Simcoe, ON, N3Y 4J9 | MLS 40573414: For Sale

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3446 Highway 3 , Simcoe

Brokered by: EXP REALTY OF CANADA INC

MLS® ID 40573414

$899,900.00 For Sale | Residential Income

FOR SALE
Type: Residential Income 
Property Type: Multi-4 Unit
MLS® District: Charlotteville / Rural Charlotteville
County: Norfolk
Postal Code: N3Y 4J9
New Construction Y/N:  No
Stories Total: 2
Bedrooms Total:  8
Number Of Units Total:  4


     
Cross Street: CONCESSION ROAD 10
Directions: HIGHWAY 3 AND CONCESSION ROAD 10
Exterior Features: Separate Hydro Meters
Interior Features: Separate Heating Controls,Separate Hydro Meters
Inclusions:  Other,All Appliances Included And All In as-Is. Seller Never Occupied Property. Makes No Representations Or Warranties.
Exclusions:  Tenant Belongings
Patio and Porch Features:  Deck
Lot Depth:  142
Lot Size: 142 x 148 148.00  Fronting: South
Lot Features:  Irregular Lot,Near Golf Course,Highway Access,Hospital,Library,Schools,Shopping Nearby
Lot Irregularities:  139 FRONTAGE BY 142 BY 148 REAR BY 189
Acres Range:  0.50–1.99

Parking Features:  Attached Garage,Gravel,Interlock
Driveway Parking:  Private Drive Triple+ Wide
Attached Garage Y/N:  Yes
Garage Spaces:  1
Garage Y/N:  Yes
Parking Total:  9
Covered Spaces:  1
Open Parking Y/N:  true
Open Parking Spaces:  8

Building Area Total Aprx.:  4002 Square Feet
Finished SqFt Aprx. (Above Grade):  4002 Square Feet
Laundry Features:  In-Suite
Exterior: Vinyl Siding
Roof:  Asphalt Shing
Basement:  Separate Entrance,Full,Unfinished
Sewer:  Septic Tank
Water:  Well
Heating:  Forced Air,Natural Gas
Heating Expenses:  2683.56
Cooling:  None
Fireplace Y/N:  false
Crops Included Y/N:  No
Electric Expense:  2647.68
Net Income:  61994.76
WaterFront Y/N:  No
Other Structures:  Workshop
Foundation Details:  Other
Insurance Expense:  5832
Road Frontage Type:  Municipal Road
Expenses:  Estimated


Remarks: 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!


Contact Us!

3446 Highway 3, Simcoe ON N3Y 4J9 | MLS ID® 40573414
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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