ON > Simcoe > Wellington
Simcoe, ON L4M 3K7,3 Peel ST
Simcoe, ON L4M 3K7,3 Peel ST
Simcoe, ON L4M 3K7,3 Peel ST
Simcoe, ON L4M 3K7,3 Peel ST
Simcoe, ON L4M 3K7,3 Peel ST
Simcoe, ON L4M 3K7,3 Peel ST
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Mahesh Khatri

Mahesh Khatri

+1(416) 464-6568
$ 1,099,000
Est. payment | /mo

8 Beds

6 Baths

Save
$ 1,099,000
Est. payment | /mo
Save

8 Beds

6 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision Wellington

MLS Listing ID S12434721

Style 2 1/2 Storey

Bedrooms 8

Annual Tax Amount $6,282

Tax Year 2025

Property Sub-Type Multiplex

Property Description

Welcome to 3 Peel Street, a unique and versatile property offering strong income potential in a sought-after downtown location. Situated on a spacious corner lot,this legal 4-plex also includes a detached in-law suite carriage house, offering a total of 5 self-contained units, all within walking distance to the library, farmers market,transit, and local amenities. The focal point is a red brick century home full of character, featuring distinctive gable details and timeless curb appeal. Inside,the property blends historic charm with functional living across multiple rental units. Unit 1, on the main floor, is a generous 3-bedroom suite with a separate powder room and a dedicated bath/shower room. Unit 2, in the detached carriage house, offers two bedrooms, a living room, kitchen, and a 4-piece bathroom, ideal for tenants seeking added privacy. Unit 3 is a 1- bedroom with new flooring and a refreshed 3-piece bathroom. Unit 4 is a spacious 1-bedroom with an eat-in kitchen,separate living room, full 4-piece bathroom, and fresh paint with new floors. Unit 5 features one bedroom, a galley-style kitchen, separate living room, and a 3-piece bath. Recent upgrades include electrical and plumbing inspections, a new pressure booster for the water system, and two new rental hot water heaters. The property offers parking for six vehicles and garage space for tenant storage. With three of the five units currently vacant, this is a prime opportunity to set new rental rates and maximize return.

Location

Province ON

County Simcoe

Community Wellington

Area Simcoe

Rooms

Family Room No

Basement Partial Basement, Unfinished

Kitchen 5

Interior

Interior Features Accessory Apartment, In-Law Suite

Heating Yes

Cooling None

Fireplace No

Heat Source Gas

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 92.41

Lot Depth 116.86

Total Parking Spaces 6

Building

Building Age 100+

Foundation Stone

Others

ParcelsYN No

Listed by Royal LePage Locations North
Mahesh Khatri

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 464-6568

mkhatri.teammahesh@gmail.com

7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN

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3 Peel ST