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$1,288,000
Ramara
3232 Simcoe Road, Ramara (Brechin), Ontario, L0K1B0
This multi-family property in Ramara is for sale offering roughly 3,250 sq ft of space.
Exceptional Investment Opportunity! Unlock the potential of this income-producing mixed-use property featuring a commercial shop and four residential units. Offering excellent cash flow and long-term growth potential, this property is an ideal addition to any investment portfolio. The property includes approximately 1,600 sq. ft. of commercial space and a beautifully renovated 2-bedroom apartment above the shop. The residential component offers approximately 3,500 sq. ft. of living space across the four units, all well-maintained and updated. Several quality long-term tenants are already in place, providing immediate income and stability. Additional features include a community laundry room, separate heating systems, ample parking, and outdoor storage for added convenience. Whether you're a seasoned investor or looking to expand your real estate holdings, this versatile property offers multiple income streams, strong rental potential, and the opportunity to build equity for years to come. Don't miss this outstanding investment opportunity! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 146 days on market, against an average age of 87 days across the listings currently for sale in this city
This 6-bed multi-family in Ramara (Brechin) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,288,000, about 14.6× the local median household income of $88,000.
Carrying it typically needs a household income of about $251,591 (20% down, 25-yr amortization, stress-tested) — roughly 186% above the area median.
Source: Statistics Canada, 2021 Census (FSA L0K)
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Loading rates, 30-yr amortization
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