$459,000

For sale

17 KENT Street South, Simcoe, Ontario, N3Y2X7

9 bd13 ba7 pk10,290 ft²Lot size 10,280 sq ft (0.23 ac)

Listed by RE/MAX Erie Shores Realty Inc. Brokerage

89 TALBOT Street South, Simcoe, Ontario, N3Y2Z4

For sale

30 days ago

$540K

89 TALBOT Street South, Simcoe, Ontario, N3Y2Z4

4 bd2 ba8 pk1,844 ft²

Listed by RE/MAX Erie Shores Realty Inc. Brokerage

100 STANLEY Street, Simcoe, Ontario, N3Y1M4

For sale

42 days ago

$498K

100 STANLEY Street, Simcoe, Ontario, N3Y1M4

4 bd4 ba8 pk2,600 ft²

Listed by Royal LePage Trius Realty Brokerage

71 NORFOLK Street North, Simcoe, Ontario, N3Y3N6

For sale

59 days ago

$929K

71 NORFOLK Street North, Simcoe, Ontario, N3Y3N6

4 bd2 ba5 pk3,050 ft²

Listed by RE/MAX Erie Shores Realty Inc. Brokerage

Investment analysis

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$459,000

Simcoe

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60 LYNNWOOD Avenue, Simcoe - Multi-family for Sale

60 LYNNWOOD Avenue, Simcoe, Ontario, N3Y2V6

2 beds2 baths4 parking1,500 ft²Listed 44 days ago

Overview

This multi-family property in Simcoe is for sale offering roughly 1,500 sq ft of space. It has been on the market 44 days, fresher than the Simcoe average of 74 days.

Multi-Family Properties for Sale in Simcoe →All real estate in Simcoe →

Description

Welcome to 60 Lynnwood Ave in Simcoe. This duplex is in a great downtown location, right beside Lynnwood Park and close to trails, the library, restaurants, and shopping. The home has two separate one-bedroom units, each with its own entrance, kitchen, living room, and bathroom. The main floor is currently owner-occupied and will be vacant on closing, giving you the option to move in or rent it out. Outside, you’ll find a covered front porch, two laneways (one for each unit), and private parking. There’s also a detached garage that can be rented for extra income. The exterior is solid and fully sided. The property is set up with two water meters, two hydro meters, and one gas meter, making it easy to manage utilities for each unit. (id:66096)

Property Details

MLS®: 40865002
Property Type: Multi-family
Zoning: CRB
Bedrooms: 2
Bathrooms: 2
Parking: 4
Interior Size: 1,500 ft²
Frontage: 40 ft
Units: 2
Year Built: 1907
Storeys: 1
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage
Ownership: Freehold
Property Tax: $3,500/yr
Listed: 44 days ago

Features

Foundation: Poured Concrete
Exterior: Aluminum siding
Lot Features: Paved driveway

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

44d

Simcoe listings, avg age

74d

Price / ft²

$306

List price

$459K

Haho

This 2-bed multi-family in Simcoe has been listed for 44 days, which is 30 days fresher than the city average of 74. Act while there is still low competition.

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Listed by LPT Realty ULC · Rupi Romero

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3Y)

This home lists at $459,000, about 5.9× the local median household income of $77,500.

Carrying it typically needs a household income of about $89,659 (20% down, 25-yr amortization, stress-tested) — roughly 16% above the area median.

Median household income: $77,500
Population: 23,402
Median age: 49.2
Owner / renter: 75% / 25%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N3Y)

$459,000· $306/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $22,950

Min 5%50%

Mortgage payment$2,418/mo

↳ CMHC premium ($17,442 capitalized)

Property tax (est.)$292/mo

Total monthly$2,709

Cash Needed to Close

Down payment (5%)$22,950

Land transfer tax$5,655

Est. closing costs$3,877

Total cash needed$32,482

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