Matthew Tenk
Broker of Record
42 Robinson Street Simcoe, Ontario N3Y 1W6
$399,900
Easy investment portfolio addition. Coming in just under 7.5% cap rate with a tenant leased up until the end of 2026. Purchase and collect! Property features 2 commercial spaces (currently both used as one retail location). Additional 2 bedroom apartment upstairs also being used by retail tenant. Each floor offers approximately 1500 sq ft of space. The 2 bedroom apartment was recently updated in 2021 and offers a 4 piece bathroom, on site laundry and a very spacious living space. The rear of the property features a nice open space, a second entrance into the apartment and a full size garage (for a vehicle or storage). Updates in the last few years include roof, furnace, some electrical, rear stairs & more. Investors! More money is calling your name! (id:39551)
Property Details
| MLS® Number | 40478292 |
| Property Type | Retail |
| Amenities Near By | Schools |
Building
| Basement Type | Full |
| Fireplace Present | No |
| Stories Total | 2 |
| Size Exterior | 3000.0000 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Schools |
| Sewer | Municipal Sewage System |
| Size Frontage | 24 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Cbd |
https://www.realtor.ca/real-estate/26086499/42-robinson-street-simcoe
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Simcoe & District Real Estate Board
Coldwell Banker Action Plus Realty Brokerage
September 22 2023 08:32:32
