$899,900
FOR SALE

Multiplex 2-Storey

Bedrooms: 8Bathrooms: 6Lot: 148 x 142 ft
2023 Taxes: $3,942

3446 Highway 3
Norfolk, ON N3Y 4J9 | Simcoe

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.
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Listed By EXP REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8252928
Last Updated Apr 21, 2024
Property Summary
Property Type Multiplex

More like this:
PIN 502630134
Legal Description PT LT 23 CON 10 CHARLOTTEVILLE AS IN NR547105;NORFOLK COUNTY
Possession Date 60-90 days
Taxes (2023) $3,942
Directions/Cross Streets Highway 3 And Concession Road 10
Neighbourhood Simcoe
Area Norfolk
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Fronting On S
Property Features Golf, Hospital, Library, School
Special Designations Unknown
Bedrooms 8
Bathrooms 6
Rooms 24
Kitchens 4
Lot 148 x 142 ft
Lot Irregularities 139 Frontage By 142 By 148 Rear By 189
Acreage .50-1.99
Approximate Square Footage 3500-5000
Approximate Age 100+
Exterior Vinyl Siding
Air Conditioning None
Family Room N
Fireplace/Stove N
Pool None
Basement Sep Entrance, Unfinished
Drive Available
Garage Spaces 1.0
Garage Type Attached
Parking Spaces 8
Total Parking Spaces 9.0
Heat Source Gas
Heat Type Forced Air
Other Structures Workshop
Sewers Septic
Water Supply Types Sand Point Well
Water Well
Zoning A
Seller Property Info Statement N
Rooms
Room Level Dimensions Notes
LivingMain4.01 m x 6.17 m (13.16 ft x 20.24 ft)
LaundryMain2.36 m x 1.65 m (7.74 ft x 5.41 ft)
BathroomMain2.36 m x 2.59 m (7.74 ft x 8.5 ft)3 Pc Bath
KitchenMain4.09 m x 4.52 m (13.42 ft x 14.83 ft)Combined W/Dining
Prim BdrmMain4.27 m x 3.66 m (14.01 ft x 12.01 ft)
2nd Br2nd3.45 m x 3.51 m (11.32 ft x 11.52 ft)
3rd Br2nd3 m x 3.51 m (9.84 ft x 11.52 ft)
4th Br2nd4.75 m x 2.97 m (15.58 ft x 9.74 ft)
Bathroom2nd2.46 m x 2.31 m (8.07 ft x 7.58 ft)4 Pc Bath
BathroomBsmt0.91 m x 1.52 m (2.99 ft x 4.99 ft)2 Pc Bath
Bathrooms
Pieces Level
3Main
4Main
32nd
42nd
2Bsmt

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