About 2421 Highway 24
Investors. This turn-key, low maintenance, cash flowing Four-plex is located near the heart of Simcoe. Close to shopping, dining, and entertainment. Cap Rate of 7.09. Built in 1950, unit is situated on a 2.12 acre parcel backing onto scenic fields. Lots of parking in front. 4 spacious are fully rented to A+ tenants units and each unit pays it's own hydro and gas meter. This building has an extensive list of new updates and renovations throughout the interior and exterior. 1-3 Bedroom unit, 1-1 Bedroom unit, 1-1+Den unit, and 1-2 Bedroom unit.
Features of 2421 Highway 24
| MLS® # | 40591589 |
|---|---|
| Price | $875,000 |
| Bedrooms | 7 |
| Bathrooms | 4.00 |
| Square Footage | 2,858 |
| Acres | 1.86 |
| Year Built | 1950 |
| Type | Residential Income |
| Sub-Type | Multi-4 Unit |
| Status | Active |
Community Information
| Address | 2421 Highway 24 |
|---|---|
| Area | Town of Simcoe |
| Subdivision | Town of Simcoe |
| City | Simcoe |
| County | Norfolk |
| Province | ON |
| Postal Code | N3Y 4K3 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Parking | Attached Garage, Gravel |
| # of Garages | 1.00 |
| Is Waterfront | No |
Interior
| Interior Features | Separate Heating Controls, Separate Hydro Meters |
|---|---|
| Appliances | Refrigerator, Stove |
| Heating | Fireplace(s), Natural Gas |
| Cooling | None |
| Fireplace | No |
| Has Basement | Yes |
| Basement | None |
Exterior
| Exterior Features | Backs on Greenbelt, Separate Hydro Meters |
|---|---|
| Lot Description | Business Centre, City Lot, High Traffic Area, Schools |
| Roof | Metal |
| Construction | Vinyl Siding |
| Foundation | Brick/Mortar |
Additional Information
| Date Last Updated | January 20th, 2025 |
|---|---|
| Zoning | A, HL |
Listing Details
| Office | Century 21 Heritage House LTD |
|---|