17-23 KENT Street S
Simcoe, Ontario
MLS® 40874637
$1,800,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 40874637
- Bedrooms
- 9
- Bathrooms
- 13
- Year built
- —
1 / 3Listing 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!
Property summary
- MLS® number
- 40874637
- Property type
- Multi-family
- Size
- 10,290 sq ft
- Title
- Freehold
- Land size
- 0.236 acres
- Annual property taxes
- $14,518.08
- Parking
- 7 spaces · Open
- Days on market
- 3 days
Features & details
- Heating
- Baseboard heaters, Forced air, Natural gas
- Cooling
- None
- Basement
- Unfinished, Full
- Exterior features
- Brick
- Lot features
- Crushed stone driveway, Laundry- Coin operated
- Community features
- School Bus, Community Centre
What would this home cost you?
Based on the $1,800,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX Erie Shores Realty Inc. Brokerage, Simcoe.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.