9 Cherry Street Active Save Request In-Person Tour Request Virtual Tour
Simcoe,ON N3Y 1B3
Key Details
Property Type Multi-Family
Sub Type Duplex Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 1,090 sqft
Price per Sqft $536
MLS Listing ID 40711971
Bedrooms 6
Abv Grd Liv Area 2,180
Originating Board Brantford
Annual Tax Amount $3,153
Property Sub-Type Duplex Up/Down
Property Description
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!
Location
Province ON
County Norfolk
Area Town Of Simcoe
Zoning R2
Direction Norfolk Street to Cherry Street
Rooms
Other Rooms Shed(s)
Basement Separate Entrance,Walk-Up Access,Full,Finished
Kitchen 0
Interior
Interior Features Separate Heating Controls,Separate Hydro Meters
Heating Electric,Heat Pump
Cooling Ductless
Fireplace No
Appliance Dryer,Refrigerator,Stove,Washer
Laundry In-Suite
Exterior
Parking Features Exclusive
Roof Type Asphalt Shing
Lot Frontage 50.0
Lot Depth 197.74
Garage No
Building
Lot Description Park,Schools,Shopping Nearby,Trails
Faces Norfolk Street to Cherry Street
Story 1
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick Veneer,Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 502120070
Ownership Freehold/None