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3446 Highway 3 Norfolk, Ontario N3Y 4J9

8 Bedroom 6 Bathroom
Forced Air

$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:48469)

Property Details

MLS® Number X8252928
Property Type Multi-family
Community Name Simcoe
Amenities Near By Hospital, Schools
Features Irregular Lot Size
Parking Space Total 9

Building

Bathroom Total 6
Bedrooms Above Ground 8
Bedrooms Total 8
Amenities Separate Electricity Meters, Separate Heating Controls
Basement Development Unfinished
Basement Features Separate Entrance
Basement Type N/a (unfinished)
Exterior Finish Vinyl Siding
Foundation Type Unknown
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 Dimensions
Second Level Bedroom 2 3.45 m x 3.51 m
Second Level Bedroom 3 3 m x 3.51 m
Second Level Bedroom 4 4.75 m x 2.97 m
Second Level Bathroom 2.46 m x 2.31 m
Basement Bathroom 0.91 m x 1.52 m
Main Level Living Room 4.01 m x 6.17 m
Main Level Laundry Room 2.36 m x 1.65 m
Main Level Bathroom 2.36 m x 2.59 m
Main Level Kitchen 4.09 m x 4.52 m
Main Level Primary Bedroom 4.27 m x 3.66 m

https://www.realtor.ca/real-estate/26778011/3446-highway-3-norfolk-simcoe

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