17-23 Kent Street S, Simcoe ON

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 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:56071). Get more information on 17-23 Kent Street S

Property Features

Features:  Crushed stone driveway, Laundry- Coin operated
Rental Equipment:  
Directions:  North on Norfolk St, right on Robinson, left on Kent. Property on the left No.17-23.
Zoning Description:  CG
Interior Size:  10290 sqft
Community Features:  Community Centre, School Bus
Access:  Road access
Lot:  0.236 ac|under 1/2 acre 0.236
Exterior Finish:  Brick
Water:  Municipal water, Municipal sewage system
Heating / Cooling:   Natural gas / None
Age: 
Foundation: Poured Concrete
Basement:  Full (Unfinished) Unfinished

Rooms & Sizes