11 Simcoe St, Cambridge - Triplex Investment Opportunity. Opportunity to own a well-located triplex in Cambridge with strong income potential and several major updates already completed. This property features three self-contained residential units, with two of the three units currently rented, offering immediate income with additional upside for investors looking to lease the remaining unit. Significant capital improvements have already been completed, including a new roof in 2023, a new furnace installed in 2025, and a new water heater also installed in 2025, providing peace of mind for years to come. The units are currently rented with utilities included, making them attractive and easy for tenants while maintaining steady occupancy. This property offers an excellent opportunity for investors seeking a value-add asset with the ability to increase income as the third unit is leased. Rent is Unit 1 - Month to month - $1209/Unit 2 - Vacant - $1800/Unit 3 - Lease - $1200. Conveniently located close to downtown Cambridge, transit routes, shopping, and local amenities, the property benefits from a strong rental demand area. Whether you are an experienced investor or looking to add a multi-unit property to your portfolio, 11 Simcoe St presents a solid opportunity with both current income and future upside. (id:47421)
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Detailed Information
Bedrooms
4
Bathrooms
3
Lot
77 x 66 ft
Equipment
Water Heater
Listing Contract Date
2026-03-05
Location Description
Water / Ainslie
Ownership Type
Freehold
# of Parking Spaces
6
Property Type
Single Family
Rental Equipment
Water Heater
Transaction Type
For sale
Zoning Description
(F)C1RM1
Building
Appliances
Stove, Refrigerator
Basement Development
Unfinished
Basement Type
N/A (Unfinished)
Construction Style (Attachment)
Detached
Cooling Type
None
Exterior Finish
Vinyl siding
Foundation Type
Stone
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
House
Utility Water
Municipal water
Parking Spaces
Name
Spaces
No Garage
Land
Total Size
77 x 66 FT ; 77.9 X 66FT
Sewer
Sanitary sewer
Size of Irregular Land
77 x 66 FT ; 77.9 X 66FT
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