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    For Sale - 252 Robinson Street, Norfolk, Ontario

    Est payment $2,876/mo
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    Time on Jump  1 days

    AI Summary *

    • Great cashflow potential with over 9% cap rate from rental income.
    • Duplex includes two separate 2-bedroom units with utilities split.
    • Large empty lot area undergoing severance for potential additional income.
    • Recent renovations in 2022 make the property modern and functional.
    • Close to hospitals, schools, shopping, and parks for convenience.




    Over 9% caprate, cashflow positive, duplex + large empty lot area under-going severance to separate to two lots with dimension 70x64 feet and 45x70 feet, with the second lot having a proposed residential dwelling, huge value! 2-storey large home with two 2 bedroom, 1 bathroom units, both units above grade + unfinished basement split in half for each unit's usage & storage, all utilities are separate, 2 hydro meters, 2 water meters, 2 gas meters. 2 furnaces, 2 a/c units, 2 laundry rooms, 2 100 amp electrical panels, 2 hot water tanks. Or you can convert this into a single family home with 4 bedrooms & 2 full bathrooms for your large family. Each unit has their own un-obstructed driveway entrance. Entire property was renovated with a city permit in 2022, almost everything is new including the windows, flooring, stainless steel kitchen appliances, bathrooms, shear shades, countertops, doors, baseboards, drywall, insulation, & more. The basement has been maintained and structurally fortified over the years. Three sources of rental income from both units + directional hospital sign. Upper unit is vacant (market rent is $2,250 + utilities), ground floor unit is $2,250 + utilities, and hospital pays $4,000/year for the sign. Severing the lot will unlock $100k+ & more. Norfolk general hospital is within walking steps. Also within walking steps include elgin avenue school, food basics, giant tiger, simcoe town centre shopping mall, trails, parks & more. Don't miss out on this ideal duplex. A solid & amazing investment to add or start with your portfolio. Living in one unit & renting the other + bonus from selling residential severed lot would be another great accelerated house-hacking idea. You could build the new home on the severed lot yourself!
    Listing IDX12958240
    Address252 Robinson Street
    CityNorfolk, Ontario
    Price$599,000
    Bed / Bath4 / 2 Full
    Style2-Storey, Detached
    ConstructionVinyl Siding
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features Accessory Apartment, Carpet Free, On Demand Water Heater, Primary Bedroom - Main Floor, Separate Heating Controls, Separate Hydro Meter, Sewage Pump, Storage, Sump Pump, Water Heater OwnedAmenities Public Transit, Hospital, School, School Bus RouteOwnership FreeholdBasement Full, Unfinished, Separate EntranceFoundation Stone, Poured ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

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    Listing Agency:  RIGHT AT HOME REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    252 Robinson Street
    Norfolk , Ontario
    4 2 $599,000
    Get more info