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$540,000
Simcoe
89 TALBOT Street South, Simcoe, Ontario, N3Y2Z4
This multi-family property in Simcoe is for sale offering roughly 1,844 sq ft of space. It has been on the market 29 days, fresher than the Simcoe average of 74 days.
Great Investment Opportunity in the Heart of Downtown Simcoe! Welcome to this bright and spacious duplex ideally located in downtown Simcoe, in the heart of Norfolk County and close to all amenities. Offering two separate living spaces, each with its own entrance and laundry facilities, this property provides excellent flexibility for investors or first-time homebuyers looking to offset their mortgage with a rental income. The main floor features a roomy three-bedroom, one-bathroom apartment, complete with its own separate entrance and laundry facilities. The upper level offers a bright one-bedroom, open-concept kitchen/living room apartment, also with a separate laundry, providing privacy and convenience for both units. Outside, you will find lots of parking, a large partially fenced yard, and a two-car garage allowing for lots of storage. This property boasts numerous upgrades, making it an attractive opportunity for those looking for a solid income property with added value. This downtown Simcoe duplex is worth a look. Great location, great potential and plenty of space! (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 29 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 29 days, which is 45 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 $540,000, about 7.0× the local median household income of $77,500.
Carrying it typically needs a household income of about $105,481 (20% down, 25-yr amortization, stress-tested) — roughly 36% 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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