19 Simcoe Street, South Stormont, Ontario, K0C1P0



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$1,590,000
South Stormont
This multi-family property in South Stormont is for sale. It has been on the market 74 days, fresher than the South Stormont average of 91 days.
This 6 unit townhome is currently under one ownership and is fully rented. Priced at $265,000 per unit this makes a great investment property. There is also a possibility of severing off units as investments which will increase their value and build instant equity. The seller does not warrant severance so Buyers are to do their own due diligence with the township to ensure severance's are obtainable. All units are 2 bedrooms with a 4 pc bath on the main level plus a recreation room and a 2pc bath in the lower level. All units also feature gas heat and central air & the tenants pay their own utilities. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 74 days on market, against an average age of 91 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 60 days on the market over the past year, against a median of 48 days across the markets we publish.
This 2-bed multi-family in South Stormont has been listed for 74 days, which is 17 days fresher than the city average of 91. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,590,000, about 18.9× the local median household income of $84,000.
Carrying it typically needs a household income of about $310,583 (20% down, 25-yr amortization, stress-tested) — roughly 270% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0C)
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Loading rates, 30-yr amortization
Cash Needed to Close
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