19 SIMCOE STREET, South Stormont

$1,590,000

For sale: Multiplex

Multiplex at 19 SIMCOE STREET, South Stormont
Property type
Multiplex
Bedrooms / bathrooms
2 bedrooms, 2 bathrooms
Living area
100,000 sqft
MLS®
MLS® X13703234
Neighbourhood
714 - Long Sault

This 6 unit townhome is currently under one ownership and is fully rented. Priced at $265,000 per unit this makes a great investment property. There is also a possibility of severing off units as investments which will increase their value and build instant equity. The seller does not warrant severance so Buyers are to do their own due diligence with the township to ensure severance's are obtainable. All units are 2 bedrooms with a 4 pc bath on the main level plus a recreation room and a 2pc bath in the lower level. All units also feature gas heat and central air & the tenants pay their own utilities.

Sold data

Homes in Long Sault — recent sold market

Homes in Long Sault took a median of 34 days to sell over the last 365 days, with the quickest quarter selling within 18 days and the slowest quarter taking more than 60, across 55 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 48 days.

The median sale price was $478,900.

Homes sold for about 1.9% below asking on average, so there was room to negotiate.

About 20% of sales closed above the list price.

Around 31% of sellers reduced their price before finding a buyer.

Median days to sell
34
Median sale price
$478,900
Sale-to-list ratio
98.1%
Sold above asking
20%

Based on 55 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 19 SIMCOE STREET