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$498,000
Simcoe
100 STANLEY Street, Simcoe, Ontario, N3Y1M4
This multi-family property in Simcoe is for sale offering roughly 2,600 sq ft of space. It has been on the market 42 days, fresher than the Simcoe average of 74 days.
Attention investors! Rare opportunity to purchase both sides of a semi-detached property together as one package. Each side is a separate property, offering potential for investors, multi-generational living, or future resale as individual units. This fully rented fourplex offers immediate cash flow and is an excellent addition to any real estate portfolio. Each unit features 1 bedroom, a full kitchen, and a 4-piece bathroom, providing comfortable living accommodations for tenants. The property offers ample parking for all units, making it highly desirable for renters. An on-site laundry facility adds convenience, while the detached garage provides valuable storage space for equipment, maintenance supplies, or personal belongings. Ideally located close to shopping, schools, restaurants, and other amenities in the heart of Simcoe, this income-producing property combines strong rental appeal with long-term investment potential. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others this is an opportunity you won't want to miss! (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 42 days on market, against an average age of 74 days across the listings currently for sale in this city
This 4-bed multi-family in Simcoe has been listed for 42 days, which is 32 days fresher than the city average of 74. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $498,000, about 6.4× the local median household income of $77,500.
Carrying it typically needs a household income of about $97,277 (20% down, 25-yr amortization, stress-tested) — roughly 26% above the area median.
Source: Statistics Canada, 2021 Census (FSA N3Y)
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Loading rates, 30-yr amortization
Cash Needed to Close
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