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Home ON Norfolk Norfolk County Simcoe
17-23 KENT Street S
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17-23 KENT Street S $1,800,000
$1,800,000
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17-23 KENT Street S
Simcoe, Ontario N3Y2X7

MLS® Number: 40704040

Listing 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 (68692154)

Location Description

North on Norfolk St, right on Robinson, left on Kent. Property on the left #17-23.

Property Summary

Property Type
Other
Storeys
2
Subdivision Name
Town of Simcoe
Title
Freehold
Land Size
0.236 ac|under 1/2 acre
Annual Property Taxes
$14,518.08
Total Parking Spaces
7
Time on REALTOR.ca
25 days

Building

Interior Features
Basement Type
Full
Building Features
Features
Crushed stone driveway
Foundation Type
Poured Concrete
Fire Protection
Alarm system
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Community Features
Community Centre, School Bus
Amenities Nearby
Hospital, Place of Worship, Playground, Public Transit, Schools
Parking
Total Parking Spaces
7

Measurements

Square Footage
12250 sqft
Exterior Building Size
12250 sqft

Land

Lot Features
Frontage
80 ft
Other Property Information
Access
Road access
Zoning Description
CG
Data provided by: Cornerstone - Simcoe & District 191 Queensway West, Simcoe, Ontario N3Y 2M8
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