9 Cherry Street Simcoe, Ontario N3Y 1B3
$584,900
Exceptional Investment Opportunity! Turnkey Duplex with Strong Rental Income This updated, purpose-built duplex is a prime investment property, generating an impressive $44,904 annually in gross rental income. Located in a highly desirable Simcoe neighborhood, this property is just minutes from shopping, schools, parks, and scenic trails. The duplex features two spacious 3-bedroom units, each with its own private driveway and separate meters for added convenience. Both units have been thoughtfully updated with modern finishes, including brand-new kitchens (2021), flooring (2022), bathrooms (2021), and roof (2021). Additionally, both units are equipped with four-head split ductless AC/heat pumps (2021), ensuring year-round comfort and energy efficiency. Sitting on a large lot, this property offers plenty of potential and is ideally situated near essential amenities. Whether you're an investor looking for a steady income stream or a homeowner seeking extra rental income, this duplex is an excellent choice. Upper Unit pays $1900 plus heat and hydro. Lower Unit pays $1842 plus heat and hydro. Don’t miss out on this turnkey investment opportunity—schedule your viewing today! (id:23705)
Property Details
| MLS® Number | 40711971 |
| Property Type | Multi-family |
| AmenitiesNearBy | Park, Schools, Shopping |
| EquipmentType | Water Heater |
| ParkingSpaceTotal | 2 |
| RentalEquipmentType | Water Heater |
| Structure | Shed |
Building
| BathroomTotal | 2 |
| BedroomsTotal | 6 |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| CoolingType | Ductless |
| ExteriorFinish | Brick Veneer, Vinyl Siding |
| FoundationType | Poured Concrete |
| HeatingFuel | Electric |
| HeatingType | Heat Pump |
| StoriesTotal | 1 |
| SizeInterior | 2180 Sqft |
| Type | Duplex |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Park, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 198 Ft |
| SizeFrontage | 50 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | R2 |
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https://www.realtor.ca/real-estate/28106646/9-cherry-street-simcoe
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April 18 2025 03:54:32
Brantford Regional Real Estate Assn Inc
RE/MAX Twin City Realty Inc.