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

Listed for:
$1,800,000
0 beds
0 baths
Listed 47 days ago
17-23 Kent Street S, Simcoe, Ontario N3Y 2X7

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Learn more about this property
Listing provided by:
RE/MAX ERIE SHORES REALTY INC. BROKERAGE
MLS® number:
40704040
Agent:
Penny Shurr
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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 the 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 40703890 (id:27476)

Property Highlights

MLS® Number
40704040
Type
Other
Ownership Type
Freehold
Land Size
0.236 ac|under 1/2 acre
Parking Space Total
7

Building

Storeys
2.00
Square Footage
12250 sqft
Amenities
Hospital, Place of Worship, Playground, Public Transit, Schools
Exterior Finish
Brick
Fireplace Present
No
Basement Type
Full
Basement Features
Building Heating Type
Heating Fuel
Building Cooling Type

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Location