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 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.
Details
| MLS# | 40704040 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 17 |
| Listing Provided By | RE/MAX ERIE SHORES REALTY INC. BROKERAGE | Penny Shurr |
Features
| SQ Feet | 12,250 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 5 |
| Zoning | CG |
| Acreage | 0.24 |
Request a showing
Request a showing
Contact
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: $600,000 SqFt: 12,250 low | high Med: 1,215 $ / SqFt: $147 low | high Med: $494 On site: 17 low | high Med: 3.000000 | |