ActiveFor Sale

17 KENT Street South
Simcoe, Ontario, N3Y2X7

Multi-family
CREA
MLS® Number: 40874637
Estimated Value
Powered by PrimeAVM™
$1,800,000List Price
9Bedrooms
13Bathrooms
7Total Parking
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Current valuation for 17-23 KENT Street S. Listed for $1,800,000

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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! (id:66360)

Features

BrickCrushed stone drivewayLaundry- Coin operatedAlarm system

Amenities

School BusCommunity Centre

Summary

List Price:$1,800,000
MLS® Number:40874637
CREA Listing Key:30452215
Type:Multi-family
Size:10,290 sq ft
Taxes:$14,518
Total Parking Spaces:7
Community:Town of Simcoe
Listing Brokerage:RE/MAX Erie Shores Realty Inc. Brokerage

Rooms

No room information available

Details

Property

Property Type:Multi-family
Community:Town of Simcoe
Municipality:Simcoe

Building

Size:10,290 sq ft

Inside

Bedrooms:9
Bathrooms:13
Basement:Unfinished, Full

Parking

Total Parking Spaces:7
Parking Features:Open

Utilities

Cooling:None
Heating:Baseboard heaters, Forced air, Natural gas
Water Supply:Municipal water
Utility Sewer:Municipal sewage system

Land

Lot Size:0.236 acres
Zoning:CG
Directions:North on Norfolk St, right on Robinson, left on Kent. Property on the left #17-23.

$1,800,000

List price