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$1,800,000

9 Beds 13 Baths 10,290 SQFT 0.24 Acres
Type: Multi-Family

17-23 KENT Street S
Simcoe, ON N3Y2X7

MLS#: 40874637
Shawna Dorfman
Shawna Dorfman
Condo Digs
Sales Representative
Phone: 416.526.4133
Office: 416.203.6636
Presented by: RE/MAX Erie Shores Realty Inc. Brokerage

Property 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! (id:7434)


 

Interior Features

Bedrooms

Bedrooms9

Other Interior Features

Basement DevelopmentUnfinished
Basement TypeFull (Unfinished)
Building Fireplace PresentFalse
Building Heating FuelNatural gas
Building Heating TypeBaseboard heaters, Forced air
Living Area Range10,290 sqft

General

AmenitiesHospital, Place of Worship, Playground, Public Transit, Schools
Building Cooling TypeNone
Building.StoriesTotal2
Community FeaturesCommunity Centre, School Bus
FeaturesCrushed stone driveway, Laundry- Coin operated
Foundation TypePoured Concrete
Location DescriptionNorth on Norfolk St, right on Robinson, left on Kent. Property on the left #17-23.
Ownership TypeFreehold
Parking Space Total7
Property TypeMulti-family
Zoning DescriptionCG

Exterior

Exterior FinishBrick
Land AmenitiesHospital, Place of Worship, Playground, Public Transit, Schools
SewerMunicipal sewage system

Additional Details

  

Similar Properties

$1,800,000

9 Beds 13 Baths 10,290 SQFT 0.24 Acres
Type: Multi-Family

17-23 KENT Street S
Simcoe, ON N3Y2X7

MLS#: 40874637
Shawna Dorfman
Shawna Dorfman
Condo Digs
Sales Representative
Phone: 416.526.4133
Office: 416.203.6636
RE/MAX Condos Plus Corp. Brokerage
45 Harbour Sq. Toronto, ON M5J 2G4

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