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100 STANLEY Street, Simcoe — listed at $249,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
This fully rented semi detached duplex offers immediate cash flow and is an excellent addition to any real estate portfolio. Each unit features 1 bedroom, a full kitchen, and a 4-piece bathroom, providing comfortable and functional living space for tenants. The property offers ample parking, a finished basement, an attractive feature for renters, while the on-site laundry facilities add everyday convenience and provide the flexibility to be used for additional storage. With tenants responsible for their own utilities, this property provides efficient income stream. Ideally located close to shopping, schools, restaurants, and other amenities, this income-producing property combines excellent rental appeal with long-term investment potential. Whether you're looking to expand your portfolio or occupy one unit while generating income from the other, this is an opportunity you won't want to miss. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Second level | 8'5'' x 13'0'' |
| Kitchen | Second level | 8'8'' x 13'0'' |
| Bedroom | Second level | 15'0'' x 11'6'' |
| Recreation room | Basement | 10'0'' x 20'0'' |
| 4pc Bathroom | Main level | 5'0'' x 8'0'' |
| 4pc Bathroom | Second level | 5'8'' x 7'0'' |
| Living room | Main level | 14'5'' x 16'0'' |
| Kitchen/Dining room | Main level | 20'0'' x 9'3'' |
| Bedroom | Main level | 11'5'' x 12'8'' |
Is this a good starter home?+
At $249,000, this is priced in starter-home territory for Simcoe. With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
Does it have a basement, and is it finished?+
Yes — Finished, Full. A finished basement adds meaningful living space beyond the listed square footage.
How is the space laid out across floors?+
This is a 2-storey single family. The 2 bedrooms and 2 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
How is the home heated? Is it efficient?+
Heating is baseboard heaters, forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What's the parking situation?+
This property includes 5 spaces — None.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $2,421.26, heating is baseboard heaters, forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
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