17-23 Kent Street S, Simcoe, Ontario

$1,800,000

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12,250

Square feet

0.24

Acres

About 17-23 Kent Street S

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 (id:6289)

Features of 17-23 Kent Street S

Listing # 40704040
Price $1,800,000
Bathrooms 0.00
Square Footage 12,250
Acres 0.24
Type Other

Community Information

Address 17-23 Kent Street S
Subdivision Town of Simcoe
City Simcoe
Province Ontario
Postal Code N3Y2X7

Amenities

Amenities Hospital, Place of Worship, Playground, Public Transit, Schools
Features Crushed stone driveway
Parking Spaces 7
Is Waterfront No
Has Pool No

Interior

Fireplace No
# of Stories 2
Has Basement No

Exterior

Exterior Brick
Foundation Poured Concrete

Listing Details

OfficeRE/MAX ERIE SHORES REALTY INC. BROKERAGE

Listing Map

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