Primary photo of 145 NORFOLK Street S, Simcoe
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Multi-family For Sale

$699,900

MLS® Number: 40811365

Bedrooms

6

Bathrooms

6

Floor Area

4,282

Year Built

1885

145 NORFOLK Street S, Simcoe, Ontario

About This Property

Prime Investment Opportunity in Downtown Simcoe!. Discover the perfect blend of modern living and investment potential with this exceptional 6-Plex property in the heart of Simcoe. Nestled in a highly desirable downtown location, this multi-residential gem offers easy access to charming shops, essential services, and the scenic walking trails along the Lynn River. Property Highlights: 6 Units: A balanced mix of updated and well-maintained units, with 4 recently renovated to meet the demands of today’s renters; Parking: Ample parking options with both street and onsite availability, ensuring convenience for tenants. Prime Location: Steps away from everything downtown Simcoe has to offer, making it a magnet for prospective tenants seeking lifestyle and convenience. This property isn’t just about its current appeal—it’s a gateway to the thriving multi-residential market. As demand for quality rental units continues to rise in Simcoe, this 6-plex offers a stable and growing income stream. With four units already upgraded, the heavy lifting is done, allowing you to focus on maximizing returns. The mix of updated units ensures strong rental rates, while the unbeatable location guarantees high occupancy and low turnover. Capitalize on the increasing value of multi-residential properties in this vibrant community. Whether you’re a seasoned investor or looking to expand your portfolio, this 6-plex is a strategic addition that promises long-term growth and stability. Don’t miss out on this rare opportunity to secure a property with excellent potential in one of Simcoe’s most sought-after areas.

Property Details

Interior Details

Basement

Unfinished, Partial

Bathrooms Total

6

Bedrooms Total

6

Cooling

None

Heating

Forced air, Natural gas

Living Area

4282 sqft

Building & Exterior

Exterior Features

Brick

Foundation Details

Poured Concrete

Number Of Units Total

6

Stories

2.0

Year Built

1885

Land & Location

Community Features

Community Centre

Frontage Length

62.0 feet

Lot Features

Shared Driveway

Postal Code

N3Y2W2

Subdivision Name

Town of Simcoe

Listing & Financials

Listing Office

RE/MAX Erie Shores Realty Inc. Brokerage

Originating System Name

Cornerstone Association of REALTORS®

Other Specifications

Common Interest

Freehold

Country

Canada

Parking Total

6

Mortgage Calculator

20% ($139,980)
5.5%
25 Years

Estimated Monthly Payment

$3,438

Principal and interest only. Actual rates may vary.

Location & Map

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