3232 Simcoe Road

Ramara, ONMulti-family
$1,288,000
MLS® S13432364
Multi-family6 beds5 baths13 total
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About This Property

Exceptional Investment Opportunity! Unlock the potential of this income-producing mixed-use property featuring a commercial shop and four residential units. Offering excellent cash flow and long-term growth potential, this property is an ideal addition to any investment portfolio. The property includes approximately 1,600 sq. ft. of commercial space and a beautifully renovated 2-bedroom apartment above the shop. The residential component offers approximately 3,500 sq. ft. of living space across the four units, all well-maintained and updated. Several quality long-term tenants are already in place, providing immediate income and stability. Additional features include a community laundry room, separate heating systems, ample parking, and outdoor storage for added convenience. Whether you're a seasoned investor or looking to expand your real estate holdings, this versatile property offers multiple income streams, strong rental potential, and the opportunity to build equity for years to come. Don't miss this outstanding investment opportunity! (id:63604)

Key Facts

Type
Multi-family
Beds
6
Baths
5
Size
3,000 sqft
Lot
123 x 212 FT
Parking
13 total

Highlights

  • Water Heater
Property Details 13 details
Bedrooms
6 bedrooms
5 above grade + 1 below grade
Bathrooms
5 bathrooms
1 partial
Parking
13 parking spaces
Detached Garage · Garage
Living area
3,000 - 3,500 sq. ft.
Property
Multi-family
Property subtype
Multi-family
Structure type
Other
Heating
Baseboard heaters, Forced air, Propane
Fireplace
No
Lot dimensions
123 x 212 FT
Frontage
123 feet
Taxes
$6,781.02
Water source
Municipal water
Sewer
Sanitary sewer

Interior features

Water Heater

Exterior features

WoodShinglesPoured ConcreteSlab

Systems and association

Smoke DetectorsSewerElectricity

Lot and water

Carpet FreeSump Pump

Virtual Tour & Media

Mortgage & Affordability Estimate monthly costs
Purchase price$1,288,000
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area
Brechin
City
Ramara
Postal code
L0K 1B0
Nearby
Cross Streets: Hwy 12/Simcoe Rd. ** Directions: Hwy 12 / Simcoe Rd.