17-23 Kent Street S, Simcoe, Ontario N3Y 2X7

Listed for:
$1,800,000
9 beds
13 baths
Listed 28 days ago
17-23 Kent Street S, Simcoe, Ontario N3Y 2X7

View all 3 photos

Learn more about this property
Listing provided by:
RE/MAX ERIE SHORES REALTY INC. BROKERAGE
MLS® number:
40703890
Agent:
Penny Shurr
*Indicates required field
Name is required
Email is required

About

North on Norfolk St, right on Robinson, left on Kent. Property on the left #17-23. CALLLING ALL INVESTORS! A rare opportunity as has come to own this giant, income generating building. With a cap rate of over 7% it will sell fast! Add this to your portfolio and settle into an early retirement. Some updates include a new roof (2020), fire alarms (2023), windows (2021, 2025) newly renovated units 19A & 19B. This building consists of 7 one bedroom, 1 bath apartments. Each has a gallery style kitchen that opens to a spacious living room, a large bedroom and bath including a front hall closet. All 7 units are upstairs separated by a beautiful brick hallway. This building also features a separate laundry room with 1 coin operated washer & dryer. (extra income). On the main floor you will find 2 newly renovated, one bedroom apartments with their own ground floor access. Also on ground level is a generous 2000 sq.ft. studio apartment with 20' ceilings and 2 baths, making this the perfect multiuse space. The front of the building has 2 commercial retail spaces, one 500 sq.ft., the other 2500 sq.ft. both with their own bathroom. The basement is unfinished and could also provide potential income. All 12 units are occupied and well maintained. Don't waste time, inquire how this building can kickstart your retirement today! Please refer to alternate MLS 40704040 (id:27476)

Property Highlights

MLS® Number
40703890
Type
Multi-family
Ownership Type
Freehold
Land Size
0.236 ac|under 1/2 acre
Parking Space Total
7

Building

Storeys
2.00
Square Footage
12250 sqft
Bathrooms Total
13
Bedrooms Total
9
Amenities
Hospital, Place of Worship, Playground, Public Transit, Schools
Exterior Finish
Brick
Fireplace Present
No
Basement Type
Full (Unfinished)
Basement Features
Building Heating Type
Baseboard heaters, Forced air
Heating Fuel
Natural gas
Building Cooling Type
None

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Location