17-23 KENT Street S Simcoe
  • 17-23 KENT Street S Simcoe
  • 17-23 KENT Street S Simcoe
  • 17-23 KENT Street S Simcoe

17-23 KENT Street S, Simcoe, Ontario

$1,800,000

  • 9 Beds
  • 13 Baths
  • 12,250 Square Feet

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! Please refer to alternate MLS 40704040 (id:56241)

  • Listing ID: 40703890
  • Property Type: Multi-family
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Details

  • Amenities Nearby: Hospital, Place of Worship, Playground, Public Transit, Schools
  • Community Features: Community Centre, School Bus
  • Features: Crushed stone driveway, Laundry- Coin operated
  • Ownership: Freehold
  • Parking Spaces: 7
  • Transaction: For sale
  • Zoning Description: CG

Building

  • BasementType: Full (Unfinished)
  • Basement Development: Unfinished
  • Cooling: None
  • Exterior Finish: Brick
  • Fireplace Present: False
  • Fire Protection: Alarm system
  • Foundation: Poured Concrete
  • Bathrooms (Total): 13
  • Heating: Baseboard heaters, Forced air
  • Heating Fuel: Natural gas
  • Size Interior: 12250 sqft
  • Stories Total: 2
  • Utility Water: Municipal water

Land

  • Access Type: Road access
  • Amenities: Hospital, Place of Worship, Playground, Public Transit, Schools
  • Sewer: Municipal sewage system
  • Size Frontage: 80 ft
  • Size Irregular: 0.236
  • Size Total: 0.236 ac|under 1/2 acre
MLS®

Listing provided by RE/MAX ERIE SHORES REALTY INC. BROKERAGE
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 17-23 KENT Street S in Simcoe Ontario. It was last modified on March 6th, 2025. Contact us to schedule a viewing or to discover other Simcoe real estate for sale.

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