48 Simcoe St N

Such A Versatile Investment Opportunity; Commercial And Residential Apartments!! Currently Generating Just Over 63K On 2Nd Level Boasting Less Than 5% Annual Vacancy. Owner Occupies The Main Level And Is Willing To Lease-Back For An Additional 12Mths, Or Vacate With Adequate Notice. Use For Your Own Business Or Lease It Out At Market Retail Rates With Residential Apartments Upstairs- So Many Options For The Savvy Investor. Heating= Electric Baseboard On Lower Level And Gas Forced Air Upstairs.

2Nd Level Income ~$63K. Projected Main Level Income= $38K. 2022 Building Expenses= $20,015. Projected Income= ~$81K. Apartment 1&3- 2 Bedroom, Apartment 2- 1 Bedroom. Main Level Occupied By Owner. Separate Gas/Hydro Meters, 400 Amp Svc For Building.