3446 Highway 3 Simcoe, Ontario N3Y 4J9
$899,900
Uncover a unique investment opportunity with this property, featuring a single-family home & a triplex. This rare find offers a CAP rate of over 6%, presenting a myriad of possibilities.Consider moving into the spacious main house & let the income from the triplex cover your mortgage. The main house offers over 2000 square feet of living space, including 4 beds and 2 full baths. It also features an unfinished basement with a separate entrance, providing the potential to create an additional unit for increased property value & cash flow.The triplex comprises three units: one 2-bed unit and two 1-bed units, each with a full bathroom. The main level 1-bedroom unit has been fully renovated.The property, sitting on over half an acre of land, offers room for expansion & potential for future developments. The property also includes an attached garage that could potentially be rented out, three sheds currently used by the tenants, & a fire pit., Sandpoint well.Located in Simcoe, known for its safety & lower cost of living, this property is just 15 mins from Lake Erie & its beaches, offering a serene environment & recreational opportunities. Enjoy local events & festivals, craft breweries, & the Norfolk Golf and Country Club for socializing and leisure. With direct access to Highway 3, major cities are within easy reach. 15 mins to Port Dover. 60 mins to Hamilon. Toronto & Niagara Falls within 1.5 hr drive away, perfect for weekend getaways.This is an investment opportunity you wouldn't want to miss! (id:40227)
Property Details
| MLS® Number | 40574743 |
| Property Type | Single Family |
| Amenities Near By | Golf Nearby, Hospital, Schools, Shopping |
| Features | Crushed Stone Driveway, Country Residential |
| Parking Space Total | 9 |
| Structure | Workshop |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 4 |
| Bedrooms Total | 4 |
| Architectural Style | 2 Level |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Unknown |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 4002 |
| Type | House |
| Utility Water | Sand Point |
Parking
| Attached Garage |
Land
| Access Type | Road Access, Highway Access |
| Acreage | No |
| Land Amenities | Golf Nearby, Hospital, Schools, Shopping |
| Sewer | Septic System |
| Size Depth | 142 Ft |
| Size Frontage | 148 Ft |
| Size Total Text | 1/2 - 1.99 Acres |
| Zoning Description | A |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | 4pc Bathroom | 8'1'' x 7'7'' | ||
| Second Level | Bedroom | 15'7'' x 9'9'' | ||
| Second Level | Bedroom | 9'10'' x 11'6'' | ||
| Second Level | Bedroom | 11'4'' x 11'6'' | ||
| Basement | 2pc Bathroom | 3'0'' x 5'0'' | ||
| Main Level | Bedroom | 14'0'' x 12'0'' | ||
| Main Level | Kitchen/dining Room | 13'5'' x 14'10'' | ||
| Main Level | Laundry Room | 7'9'' x 5'5'' | ||
| Main Level | 3pc Bathroom | 7'9'' x 8'6'' | ||
| Main Level | Living Room | 13'2'' x 20'3'' |
https://www.realtor.ca/real-estate/26777585/3446-highway-3-simcoe
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14-30 Eglinton Avenue West Unit 451
Mississauga, Ontario L5R 0C1
(866) 530-7737
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April 19 2024 08:44:57
Mississauga Real Estate Board
Exp Realty Of Canada Inc