$699,900 Sale

Listed 17 hours ago

9 SIMCOE STREET

MLS® x14141386 Multi Family

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Beds · 5

Baths · 5.0

Parking · 8

Sqft · 2000 - 2500

Est. mortgage

$2,655/mo

Key Facts

Key facts for 9 SIMCOE STREET

Property Type

Apartment

Parking

Garage: No, 8 parking

MLS #

X14141386

Size

2000 - 2500 sqft

Basement

Unfinished, Full (Unfinished)

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

An exceptional opportunity to own a fully tenanted, five-unit residential investment property in the heart of Lindsay! Situated on an expansive 62' x 173' lot in the desirable South Ward, this legal non-conforming fiveplex offers immediate rental income and exciting long-term potential. Set in an es...tablished neighbourhood with mature trees and charming homes, the property is a short walk from vibrant downtown Lindsay, with shopping, restaurants, parks, schools and everyday amenities nearby. Fleming College's Frost Campus is also conveniently located, adding to the property's appeal for potential tenants. The building features five self-contained units: three 1-bedroom apartments, one 2-bedroom apartment and one bachelor apartment, all currently rented. Additional highlights include eight parking spaces, a full basement with ample storage, a high-efficiency boiler installed in 2019, a new front porch, new soffits and a generously sized backyard for tenants to enjoy. The substantial lot also offers potential for additional residential units at the rear of the property, subject to municipal approvals and applicable zoning and building requirements. With an established rental history, excellent location and possible future expansion opportunities, this is an attractive addition to any investment portfolio. Don't miss this income-generating opportunity! (id:10452)

Full Property Details

Interior

Bedrooms

Washrooms

5.0

Square Footage

2000 - 2500 sqft

Basement

Unfinished, Full (Unfinished)

Heating Source

Natural gas

Heating Type

Radiant heat

Air Conditioning

None

Full Bathrooms

Half Bathrooms

Bedrooms

Washrooms

5.0

Square Footage

2000 - 2500 sqft

Basement

Unfinished, Full (Unfinished)

Heating Source

Natural gas

Heating Type

Radiant heat

Air Conditioning

None

Full Bathrooms

Half Bathrooms

Exterior

Acreage

62.8 x 173.2 FT

Parking Spaces

Garage Spaces Y/N

Zoning Description

Acreage

62.8 x 173.2 FT

Parking Spaces

Garage Spaces Y/N

Zoning Description

Building Description

Home Type

Apartment

Subtype

Multi Family

Exterior

Brick

Sewers

Holding Tank

Water Supply

Municipal water

Home Type

Apartment

Subtype

Multi Family

Exterior

Brick

Sewers

Holding Tank

Water Supply

Municipal water

Community

Lindsay

Area Code

Kawartha Lakes (Lindsay)

Community

Lindsay

Area Code

Kawartha Lakes (Lindsay)

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Amanda Mongrain

Email: [email protected] Cell: 705-717-0688