17-23 Kent Street S,Simcoe, ON N3Y 2X7
Simcoe, ON N3Y 2X7
Description
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!
Details
| MLS # | 40874637 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 15 |
| Listing Provided By | RE/MAX Erie Shores Realty Inc. Brokerage | Penny Shurr |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 13 |
| SQ Feet | 10,290 |
| Basement | Y |
| Story(s) | 2 |
| Units | 5 |
| Zoning | CG |
| Acreage | 0.24 |
Interior
| Appliances | Refrigerator, Stove |
|---|---|
| Interior Features | None |
| Cooling | None |
| Cooling Yes / No | No |
| Heating | Baseboard, Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Laundry Features | Coin Operated |
Exterior
| Lot Features | Irregular Lot, City Lot, Hospital, Library, Place of Worship, Playground Nearby, Public Parking, Public Transit, Rec./Community Centre, School Bus Route, Schools |
|---|---|
| Construction Materials | Brick |
| Roof | Tar/Gravel, Other |
| Foundation Details | Poured Concrete |
| Security Features | Carbon Monoxide Detector, Alarm System |
Parking
| Parking Features | Gravel |
|---|---|
| Open Parking Yes / No | Yes |
| Attached Garage Yes / No | No |
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 14518.08 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Norfolk |
| City | Simcoe |
| Postal Code | N3Y 2X7 |
| Area | Town of Simcoe |
| Subarea | Town of Simcoe |
| Community Name | Town of Simcoe |
| Listing VS Median (in Town of Simcoe) | |
Price: $1,800,000 low | high Med: $539,000 sqft: 10,290 low | high Med: 1,082 $ / sqft: $175 low | high Med: $498 On site: 15 low | high Med: 43 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Norfolk |
| City | Simcoe |
| Postal Code | N3Y 2X7 |
| Area | Town of Simcoe |
| Subarea | Town of Simcoe |
| Community Name | Town of Simcoe |
| Listing VS Median (in Town of Simcoe) | |
Price: $1,800,000 low | high Med: $539,000 sqft: 10,290 low | high Med: 1,082 $ / sqft: $175 low | high Med: $498 On site: 15 low | high Med: 43 | |
 | $1,875,00049 Kent Street NSimcoe, ON N3Y 3S1 |
