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1478 Simcoe Street, Samac

Price

$3,180,000

Bedrooms4 Beds

Bathrooms3 Baths

SizeNot listed

Year BuiltNot listed

Property TypeHouse

Property Taxes$5000

Maintenance FeesNot listed

Description

Attention Investors, Developers, Builders, and Visionaries!Discover an exceptional development opportunity just 1.4 km from the University of Ontario Institute of Technology (UOIT). This spacious 4-bedroom detached home sits on a large 50x250 ft lot, offering tremendous potential for redevelopment with RENTAL INCOME IN PLACE! Located within the Medium Density II designation of the Samac Secondary Plan, this site offers the potential for 60 to 85 units per hectare, making it an ideal choice for multi-unit residential development.Dont miss this rare chance to expand your footprint and transform the future of this thriving community. Opportunities like this are few and far between!! Seize the moment!

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The Property Location

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Total Monthly Payment

$11,841 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$2,544,000

Total Interest Payments

$1,568,531

Total Payment (Principal + Interest)

$4,112,531

Meet Jess Whitehead

Meet Jess Whitehead

A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades. Born and raised in Toronto, Ken has a passion for helping people find their dream homes and investment properties has been the driving force behind his success. He has a deep understanding of the local real estate market, and his extensive knowledge and experience have earned him a reputation amongst his clients as a trusted and reliable partner when dealing with their real estate needs.

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