9 Bedroom
5600 sqft
None
$699,919
Welcome to 14 Colborne Street North, located in the heart of the beautiful Town of Simcoe. This exceptional investment opportunity is ideal for savvy investors seeking a strong, cash-flowing asset to enhance their portfolio. The property consists of five fully occupied residential units and one leased commercial space, offering a reliable and consistent income stream. Situated in a premium, high-visibility location, the building is currently operating at an impressive cap rate of over 7%, supported by stable tenancies and solid market demand. Opportunities like this are rare—secure your chance to view this turnkey investment property before it’s gone! (id:51992)
Property Details
| MLS® Number | 40778823 |
| Property Type | Multi-family |
| Amenities Near By | Park |
Building
| Bedrooms Total | 9 |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Cooling Type | None |
| Exterior Finish | Brick |
| Foundation Type | Stone |
| Heating Fuel | Electric |
| Stories Total | 2 |
| Size Interior | 5600 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Park |
| Sewer | Municipal Sewage System |
| Size Depth | 147 Ft |
| Size Frontage | 38 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Cg |