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3232 SIMCOE ROAD, Ramara (Brechin) — listed at $1,288,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
Does it have a basement, and is it finished?+
The listing describes the basement as: None. Confirm the finishing status during a showing — it affects both livable space and resale value.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $6,781.02, heating is baseboard heaters, forced air, propane. Always verify the latest figures with your agent before making an offer — these change yearly.
Is 3232 SIMCOE ROAD a good fit for a growing family?+
With 6 bedrooms and 5 bathrooms, there's room for kids plus a guest room or home office.
What's the parking situation?+
This property includes 13 spaces — Detached Garage, Garage.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
What makes this a luxury property?+
At $1,288,000, standout features include 5 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
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