Exceptional Investment Opportunity! Unlock the potential of this income-producing mixed-use property featuring a commercial shop and four residential units. Offering excellent cash flow and long-term growth potential, this property is an ideal addition to any investment portfolio. The property includes approximately 1,600 sq. ft. of commercial space and a beautifully renovated 2-bedroom apartment above the shop. The residential component offers approximately 3,500 sq. ft. of living space across the four units, all well-maintained and updated. Several quality long-term tenants are already in place, providing immediate income and stability. Additional features include a community laundry room, separate heating systems, ample parking, and outdoor storage for added convenience. Whether you're a seasoned investor or looking to expand your real estate holdings, this versatile property offers multiple income streams, strong rental potential, and the opportunity to build equity for years to come. Don't miss this outstanding investment opportunity!
5 bedrooms, 4 bathrooms, about 3,000 sq ft, works out to roughly $429 per square foot. Chat with Zara if you'd like a deeper read on whether this multiplex fits your budget and timing.
Inside 3232 Simcoe Rd
Every detail from the listing, in one place.
Type
Multiplex
Style
Other
Living space
3000-3500 sq ftas stated on the listing
Parking
13 spacesYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
13
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Other
Property class
Multiplex
3232 Simcoe Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$6,328
/mo
based on the purchase price of $1,288,000
$257,600 cash
$1,030,400 financed
$867,867 total interest
Principal54%$1,030,400
Interest46%$867,867
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 3232 Simcoe Rd
Homes for sale in Ramara
Every active Ramara MLS® listing, updated all day.
Average days on market48Homes sold in about 48 days on average.
Sale-to-list ratio94.6%On average, homes sold below asking.
Active listings217Homes for sale here right now.
Median vs prior 90 days−17.3%Compared with May 11 – Aug 9, 2026: prices down.
Based on 66 sales from Aug 9 – Nov 7, 2026 (53 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 3232 Simcoe Rd
How much is 3232 Simcoe Rd listed for?
3232 Simcoe Rd is listed at $1,288,000 (MLS® S13432364). Summitly updates the price as soon as the MLS® record changes.
Is $1,288,000 a good price for 3232 Simcoe Rd?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Ramara. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 3232 Simcoe Rd changed?
Yes — it was first listed at $1,399,000 and is now $1,288,000, a drop of $111,000 (7.9%).
How many bedrooms and bathrooms does 3232 Simcoe Rd have?
3232 Simcoe Rd has 5 bedrooms and 4 bathrooms, with about 3,000–3,500 square feet of living space. It is a multiplex in Ramara.
How much would the monthly mortgage be on 3232 Simcoe Rd?
About $6,328 a month — principal and interest on $1,288,000 with 20% down ($257,600), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 3232 Simcoe Rd compare with other homes in Ramara?
Its asking price of $1,288,000 is about 100% above the median sold price in Ramara over the last 90 days, $645,000, across 66 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 3232 Simcoe Rd been sold before?
Summitly has no earlier MLS® sale or lease of 3232 Simcoe Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 3232 Simcoe Rd?
3232 Simcoe Rd is in Ramara, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 3232 Simcoe Rd been on the market?
149 days — 3232 Simcoe Rd was listed on June 11, 2026.
What is the price per square foot of 3232 Simcoe Rd?
About $368 to $429 per square foot: the asking price of $1,288,000 over the 3,000–3,500 sq ft the listing gives as its size range.
Does 3232 Simcoe Rd have parking or a garage?
Yes — the listing gives 13 parking spaces. Garage: Yes.
Does 3232 Simcoe Rd have a basement, and is it finished?
