3446 Highway 3 Norfolk, 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 Hamilton. Toronto & Niagara Falls are within 1.5 hour drive away, perfect for weekend getaways. This is an investment opportunity you wouldn't want to miss! **** EXTRAS **** 3 septic systems on the property (cleaned yearly)- 1 for the main house & 2 for the rear triplex. 2 hot water tanks & 2 furnaces owned. Separate heating control and meters. (id:12178)
Property Details
| MLS® Number | X8252928 |
| Property Type | Multi-family |
| Community Name | Simcoe |
| Amenities Near By | Hospital, Schools |
| Parking Space Total | 9 |
Building
| Bathroom Total | 6 |
| Bedrooms Above Ground | 8 |
| Bedrooms Total | 8 |
| Basement Development | Unfinished |
| Basement Features | Separate Entrance |
| Basement Type | N/a (unfinished) |
| Exterior Finish | Vinyl Siding |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Other |
Parking
| Attached Garage |
Land
| Acreage | No |
| Land Amenities | Hospital, Schools |
| Sewer | Septic System |
| Size Irregular | 148 X 142 Ft ; 139 Frontage By 142 By 148 Rear By 189 |
| Size Total Text | 148 X 142 Ft ; 139 Frontage By 142 By 148 Rear By 189|1/2 - 1.99 Acres |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom 2 | 3.45 m | 3.51 m | 3.45 m x 3.51 m |
| Second Level | Bedroom 3 | 3 m | 3.51 m | 3 m x 3.51 m |
| Second Level | Bedroom 4 | 4.75 m | 2.97 m | 4.75 m x 2.97 m |
| Second Level | Bathroom | 2.46 m | 2.31 m | 2.46 m x 2.31 m |
| Basement | Bathroom | 0.91 m | 1.52 m | 0.91 m x 1.52 m |
| Main Level | Living Room | 4.01 m | 6.17 m | 4.01 m x 6.17 m |
| Main Level | Laundry Room | 2.36 m | 1.65 m | 2.36 m x 1.65 m |
| Main Level | Bathroom | 2.36 m | 2.59 m | 2.36 m x 2.59 m |
| Main Level | Kitchen | 4.09 m | 4.52 m | 4.09 m x 4.52 m |
| Main Level | Primary Bedroom | 4.27 m | 3.66 m | 4.27 m x 3.66 m |
https://www.realtor.ca/real-estate/26778011/3446-highway-3-norfolk-simcoe
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April 21 2024 06:36:02
Toronto Real Estate Board
Exp Realty
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