451 Port Ryerse Road

If you’re on the lookout for a fantastic investment opportunity, then look no further than this Multi-Family Home for sale in Simcoe ! Located at 451 Port Ryerse Road, Simcoe, this property is a gem nestled in the picturesque Rural Woodhouse community. It’s just a stone’s throw away from the charming locales of Port Dover and Turkey Point, as well as the stunning shores of Lake Erie. This is a prime chance to own a multi-unit residential package that’s bursting with potential.

Now, let’s dive into what this Multi-Family Home for sale in Simcoe has to offer. The property encompasses three addresses: 449, 451, and 455 Port Ryerse Road, all amalgamated into one. Imagine the possibilities! You could choose to live in one unit while renting out the others, or simply invest in all three for a serious cash flow opportunity. The primary residence at 451 Port Ryerse Road, Simcoe, is particularly noteworthy. While it may not have the typical four bedrooms you’d expect, it does feature a full bathroom and is equipped with central air conditioning, ensuring comfort throughout the year.

One of the highlights of this Multi-Family Home for sale in Simcoe is the full, finished basement complete with a sump pump. This space could be transformed into whatever you desire – perhaps a games room or a private retreat. The property is also fitted with a fireplace, perfect for those chilly evenings, and comes with essential appliances such as a dishwasher, dryer, refrigerator, stove, and washer, making it ready for immediate use.

The exterior of the property may not have specific details listed, but what it lacks in that department, it makes up for in space. Set on a generous lot measuring 272 X 275 feet, with additional land between 0.50 and 1.99 acres, there’s plenty of room for outdoor activities or even future developments, should you wish. Plus, there’s a detached garage that can accommodate up to six vehicles, providing ample parking for you and your guests. The private double-wide driveway allows for up to ten parking spaces, which is a rare find in this area.

When it comes to utilities, the property is well-equipped. It’s connected to well water, and while there’s no sewer system, the forced air heating powered by natural gas ensures you’ll stay warm during the colder months. Each unit has its own hydro service, which adds to the convenience for potential tenants.

The income potential for this Multi-Family Home for sale in Simcoe is impressive, with estimates suggesting gross income could range between £140,000 and £158,000 annually. This figure takes into account residential rents, garage/shop rentals, and even commercial storage operations. The property is zoned MR, supporting its current uses without any redevelopment permitted, which means you can enjoy stable, long-term income in this high-demand recreational area.

In summary, 451 Port Ryerse Road, Simcoe, is not just a house; it’s a golden opportunity to secure a fully integrated residential and commercial investment. Whether you’re looking to live in one unit and rent out the others, or you’re keen on a lucrative investment, this Multi-Family Home for sale in Simcoe ticks all the boxes. Don’t miss out on this rare chance to own all three addresses in one purchase: 449, 451, and 455 Port Ryerse Road. Act fast, as opportunities like this don’t come around often!

Rural Woodhouse, nestled within the city of Simcoe, offers a picturesque blend of tranquil countryside and accessible urban amenities. Characterised by its sprawling fields, charming farms, and serene landscapes, this geographic enclave provides a peaceful retreat from the hustle and bustle of city life while remaining conveniently close to essential services and recreational opportunities. Residents can enjoy the beauty of nature, with ample space for outdoor activities, while also benefiting from the vibrant local culture and community spirit that Simcoe has to offer. Whether you seek a quiet lifestyle or a place to raise a family, Rural Woodhouse presents an inviting option for those looking to embrace the charm of rural living with the conveniences of city life just a stone's throw away.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest option is Lakewood Elementary School, situated just 4.8 km away, offering both English and French language programs for grades JK to 8 under the Grand Erie District School Board. Additionally, St. Cecilia School, a Catholic institution, is located 4.1 km from the property and also caters to students from JK to 8, providing an English language curriculum through the Brant Haldimand Norfolk Catholic District School Board. Both schools are within a reasonable distance, ensuring easy access for daily commutes. While the school ratings are not specified, the variety of educational options available in the vicinity can cater to diverse preferences and needs. Families will appreciate the accessibility to quality education, which is an essential factor in choosing a home. Overall, this property offers a supportive environment for children’s education, making it a desirable location for potential buyers with school-aged children.