17-23 Kent Street S Simcoe, Ontario N3Y 2X7
$1,800,000
CALLLING ALL INVESTORS! A rare opportunity as has come to own this giant, income generating building. With a cap rate of 13% 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:61445)
Property Details
| MLS® Number | 40703890 |
| Property Type | Multi-family |
| AmenitiesNearBy | Hospital, Place Of Worship, Playground, Public Transit, Schools |
| CommunityFeatures | Community Centre, School Bus |
| Features | Crushed Stone Driveway, Laundry- Coin Operated |
| ParkingSpaceTotal | 7 |
Building
| BathroomTotal | 6 |
| BedroomsTotal | 2 |
| BasementDevelopment | Unfinished |
| BasementType | Full (unfinished) |
| CoolingType | None |
| ExteriorFinish | Brick |
| FireProtection | Alarm System |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Baseboard Heaters, Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 10290 Sqft |
| UtilityWater | Municipal Water |
Land
| AccessType | Road Access |
| Acreage | No |
| LandAmenities | Hospital, Place Of Worship, Playground, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| SizeFrontage | 80 Ft |
| SizeIrregular | 0.236 |
| SizeTotal | 0.236 Ac|under 1/2 Acre |
| SizeTotalText | 0.236 Ac|under 1/2 Acre |
| ZoningDescription | Cg |
https://www.realtor.ca/real-estate/27988056/17-23-kent-street-s-simcoe
Interested?
Contact us for more information
Penny Shurr
Salesperson
103 Queensway East
Simcoe, Ontario N3Y 4M5
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March 06 2025 02:52:43
RE/MAX Erie Shores Realty Inc. Brokerage