Over 9% Caprate, Cashflow Positive, Duplex + Large Empty Lot Area Under-Going Severance to Separate to TWO Lots with Dimension 70x64 Feet and 45x70 Feet, with the Second Lot Having a Proposed Residential Dwelling, Huge Value! 2-Storey Large Home with Two 2 Bedroom, 1 Bathroom Units, Both Units Above Grade + Unfinished Basement Split in Half for Each Unit's Usage & Storage, All Utilities Are Separate, 2 Hydro Meters, 2 Water Meters, 2 Gas Meters. 2 Furnaces, 2 A/C Units, 2 Laundry Rooms, 2 100 Amp Electrical Panels, 2 Hot Water Tanks. Or You can Convert This into a Single Family Home with 4 Bedrooms & 2 Full Bathrooms for Your Large Family. Each Unit Has Their Own Un-Obstructed Driveway Entrance. Entire Property was Renovated with a City Permit in 2022, Almost Everything is New Including the Windows, Flooring, Stainless Steel Kitchen Appliances, Bathrooms, Shear Shades, Countertops, Doors, Baseboards, Drywall, Insulation, & More. The Basement Has Been Maintained and Structurally Fortified Over the Years. THREE Sources of Rental Income From Both Units + Directional Hospital Sign. Upper Unit is VACANT (Market Rent is $2,250 + Utilities), Ground Floor Unit is $2,250 + Utilities, and Hospital Pays $4,000/year for the Sign. Severing the Lot will Unlock $100k+ & More. Norfolk General Hospital is within Walking Steps. Also Within Walking Steps Include Elgin Avenue School, Food Basics, Giant Tiger, Simcoe Town Centre Shopping Mall, Trails, Parks & More. Don't Miss Out on this Ideal Duplex. A Solid & Amazing Investment to Add or Start with Your Portfolio. Living in One Unit & Renting the Other + Bonus From Selling Residential Severed Lot Would be Another Great Accelerated House-Hacking Idea. You Could Build the New Home on the Severed Lot Yourself! (id:61852)
| MLS® Number | X12958240 |
| Property Type | Single Family |
| Community Name | Simcoe |
| AmenitiesNearBy | Public Transit, Hospital, Schools |
| CommunityFeatures | School Bus |
| EquipmentType | Water Heater - Tankless, Water Heater |
| Features | Carpet Free, Sump Pump |
| ParkingSpaceTotal | 6 |
| RentalEquipmentType | Water Heater - Tankless, Water Heater |
| BathroomTotal | 2 |
| BedroomsAboveGround | 4 |
| BedroomsTotal | 4 |
| Age | 100+ Years |
| Amenities | Fireplace(s), Separate Heating Controls, Separate Electricity Meters |
| Appliances | Water Heater - Tankless, Water Heater, Dishwasher, Dryer, Microwave, Hood Fan, Two Stoves, Two Washers, Two Refrigerators |
| BasementDevelopment | Unfinished |
| BasementFeatures | Separate Entrance |
| BasementType | Full, N/a (unfinished), N/a |
| ConstructionStyleAttachment | Detached |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Vinyl Siding |
| FireplacePresent | Yes |
| FireplaceTotal | 1 |
| FoundationType | Stone, Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1500 - 2000 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
| No Garage |
| Acreage | No |
| LandAmenities | Public Transit, Hospital, Schools |
| Sewer | Sanitary Sewer |
| SizeDepth | 109 Ft |
| SizeFrontage | 69 Ft |
| SizeIrregular | 69 X 109 Ft |
| SizeTotalText | 69 X 109 Ft |
| ZoningDescription | R2 (urban Residential Type 2) |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Laundry Room | 1.65 m | 2.59 m | 1.65 m x 2.59 m |
| Second Level | Living Room | 4.65 m | 4.24 m | 4.65 m x 4.24 m |
| Second Level | Bedroom | 2.29 m | 4.01 m | 2.29 m x 4.01 m |
| Second Level | Bedroom | 2.26 m | 4.01 m | 2.26 m x 4.01 m |
| Second Level | Kitchen | 3.2 m | 3.3 m | 3.2 m x 3.3 m |
| Basement | Utility Room | 4.22 m | 4.5 m | 4.22 m x 4.5 m |
| Basement | Workshop | 4.47 m | 5.51 m | 4.47 m x 5.51 m |
| Main Level | Living Room | 4.42 m | 4.67 m | 4.42 m x 4.67 m |
| Main Level | Bedroom | 4.04 m | 2.44 m | 4.04 m x 2.44 m |
| Main Level | Bedroom | 4.04 m | 2.44 m | 4.04 m x 2.44 m |
| Main Level | Kitchen | 4.67 m | 3.61 m | 4.67 m x 3.61 m |
| Main Level | Laundry Room | 3.3 m | 1.27 m | 3.3 m x 1.27 m |
| Main Level | Foyer | 1.27 m | 3.2 m | 1.27 m x 3.2 m |
https://www.realtor.ca/real-estate/29559131/252-robinson-street-norfolk-simcoe-simcoe
Contact us for more information
Ammar Kailani
Broker