283 Cedar Street Simcoe, Ontario N3Y 2J1
$585,000
Great legal triplex investment property for the seasoned investor or if it's your first step into the investment market. There are two 2 bedroom units, and one 3 bedroom unit. The units have had upgrades completed on them over the last few years and are currently fully tenanted. All units are separately metered for all utilities and the tenants are responsible for all utility payments. Gross income is just over $30,000/year. Current rents are $750.00, $850.00 and $950.00 per month/plus all utilities. Conveniently located within walking distance to downtown, this property is close to restaurants, shopping, schools, parks and more. (id:29438)
Property Details
| MLS® Number | 40159625 |
| Property Type | Multi-family |
| Amenities Near By | Park, Public Transit, Schools |
| Community Features | Community Centre |
| Equipment Type | Water Heater |
| Features | Ravine, Park/reserve, Crushed Stone Driveway |
| Parking Space Total | 5 |
| Rental Equipment Type | Water Heater |
Building
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Aluminum Siding |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2700 |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Park, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 118 Ft |
| Size Frontage | 59 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Res |
https://www.realtor.ca/real-estate/23588231/283-cedar-street-simcoe
Interested in this property?
Claudio Baiocchi, REALTOR®
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January 24 2022 06:40:50
Simcoe & District Real Estate Board
RE/MAX Erie Shores Realty Inc Brokerage
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