11 SIMCOE Street

About this home.

11 Simcoe St, Cambridge – Triplex Investment Opportunity. Opportunity to own a well-located triplex in Cambridge with strong income potential and several major updates already completed. This property features three self-contained residential units, with two of the three units currently rented, offering immediate income with additional upside for investors looking to lease the remaining unit. Significant capital improvements have already been completed, including a new roof in 2023, a new furnace installed in 2025, and a new water heater also installed in 2025, providing peace of mind for years to come. The units are currently rented with utilities included, making them attractive and easy for tenants while maintaining steady occupancy. This property offers an excellent opportunity for investors seeking a value-add asset with the ability to increase income as the third unit is leased. Rent is Unit 1 - Month to month - $1209/Unit 2 - Vacant - $1800/Unit 3 - Lease - $1200. Conveniently located close to downtown Cambridge, transit routes, shopping, and local amenities, the property benefits from a strong rental demand area. Whether you are an experienced investor or looking to add a multi-unit property to your portfolio, 11 Simcoe St presents a solid opportunity with both current income and future upside. (id:59491)

The full record.

How this listing prices against City Core/Wellington.

City Core/Wellington had just 1 sale against 17 active listings, so closings are sparse even though there is plenty of inventory on the market. The lone sale closed at $490,000 in 14 days and 98.02% of list, but one transaction is not enough to suggest broad momentum. The bigger story is the listing count, especially with 12 active condos and no condo sales in the period. For now, this looks like a slower pocket where buyers have choice and sellers need patience.

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