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$999,999
Norfolk
39 Kent Street North, Norfolk (Simcoe), Ontario, N3Y3S1
This multi-family property in Norfolk is for sale offering roughly 12,100 sq ft of space. It has been on the market 19 days, fresher than the Norfolk average of 68 days.
Prime investment opportunity in Simcoe, Norfolk County! Located just a short walk from historic downtown, this 10-unit mixed-use building presents exceptional value-add potential for savvy investors. The property features five fully finished residential suites on the upper level generating immediate cash flow, alongside five street-level commercial spaces designed for high visibility and foot traffic. Capitalize on significant upside by finishing the main floor's commercial units, allowing you to optimize rental income and boost equity. Complete with sub-grade basement areas equipped with washroom facilities for versatile utility or storage, this multi-family asset combines immediate cash flow with strong growth potential in a prime, central location. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 19 days on market, against an average age of 68 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 62 days on the market over the past year, against a median of 48 days across the markets we publish.
This multi-family in Norfolk (Simcoe) has been listed for 19 days, which is 49 days fresher than the city average of 68. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $999,999, about 12.9× the local median household income of $77,500.
Carrying it typically needs a household income of about $195,335 (20% down, 25-yr amortization, stress-tested) — roughly 152% above the area median.
Source: Statistics Canada, 2021 Census (FSA N3Y)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
