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17-23 Kent Street S Simcoe, ON - Image 117-23 Kent Street S Simcoe, ON - Image 2

$1,800,000

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

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

MLS#: 40874637
John Tacder
John Tacder
Condo Digs
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!


 

Interior Features

Bedrooms

Total Bedrooms9

Bathrooms

Total Baths13

Other Interior Features

Above Grade Finished Area10,290 sqft
Above Grade Finished Area Unit Type0 sqft
Air Conditioning Y/NNo
BasementFull, Unfinished
Below Grade Finished Area Unit Type0 sqft
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesNone
Laundry FeaturesCoin Operated
Total Stories2

General

AppliancesRefrigerator, Stove
Attached Garage No
Building Area Units0 sqft
Carport Y/NNo
CitySimcoe
Construction MaterialsBrick
CoolingNone
CountyNorfolk
DirectionsNorth on Norfolk St, right on Robinson, left on Kent. Property on the left #17-23.
Electric Expense3721.53
ExclusionsAll Tenant Belongins
Facing DirectionEast
Garage Y/NNo
HeatingBaseboard, Forced Air, Natural Gas
Insurance Expense4189.32
Living Area10,290 sqft
Lot Size Square Feet10280.16
Lot Size UnitsAcres
MLS AreaTown of Simcoe
MLS Area MinorTown of Simcoe
New ConstructionNo
Number Of Units Total5
Open Parking Spaces7
Property SubtypeMulti Family
Property TypeResidential Income
RoofTar/Gravel, Other
Security FeaturesCarbon Monoxide Detector, Alarm System
Senior Community Y/NNo
SewerSewer (Municipal)
Standard StatusActive
StatusActive
Stories Count2
ZoningCG

Exterior

Building Area Total10,290 sqft
Crops Included Y/NNo
Foundation DetailsPoured Concrete
Frontage Length79 sqft
Frontage TypeEast
InclusionsCarbon Monoxide Detector, 10 Fridges And Stoves In "as Is" Condition
Lot Dimensions79.8 x
Lot FeaturesIrregular Lot, City Lot, Hospital, Library, Place of Worship, Playground Nearby, Public Parking, Public Transit, Rec./Community Centre, School Bus Route, Schools
Lot Size Acres0.236
Lot Size Area0 sqft
Lot Size SourceGeoWarehouse
Number of Buildings0
Parking FeaturesGravel
Road Frontage TypeMunicipal Road
Total Parking7
Water SourceMunicipal
Waterfront Y/NNo

Additional Details

Schools 

High School Hubert H Humphrey Middle School
Elementary School Big Hollow Elementary School

  

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 N3Y 2X7

MLS#: 40874637
John Tacder
John Tacder
Condo Digs
RE/MAX Condos Plus Corp. Brokerage
45 Harbour Sq. Toronto, ON M5J 2G4

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