Twelve-unit mixed use commercial/residential property in downtown Simcoe providing a current 7% cap rate. With two main floor commercial spaces, one currently rented to a restaurant, the other vacant so you can set your own rent. Ten residential loft one-bedroom apartments, fully tenanted and all separately metered for hydro and gas. Common area coin laundry room. Take a look, its tough to buy into multi-family real estate, especially with the established cap rate provided here and the potential to increase it in the future.
10 Norfolk St S, Simcoe, ON, Canada