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
Features of 17-23 Kent Street S
| MLS® # | 40703890 |
|---|---|
| Price | $1,800,000 |
| Bedrooms | 9 |
| Bathrooms | 13.00 |
| Square Footage | 12,250 |
| Acres | 0.24 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 17-23 Kent Street S |
|---|---|
| Area | Town of Simcoe |
| Subdivision | Town of Simcoe |
| City | Simcoe |
| County | Norfolk |
| Province | ON |
| Postal Code | N3Y 2X7 |
Amenities
| Parking Spaces | 7 |
|---|---|
| Parking | Gravel |
| # of Garages | 0.00 |
| Is Waterfront | No |
Interior
| Interior Features | None |
|---|---|
| Appliances | Refrigerator, Stove |
| Heating | Baseboard, Forced Air, Natural Gas |
| Cooling | None |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Full, Unfinished |
Exterior
| Lot Description | Irregular Lot, City Lot, Hospital, Library, Place of Worship, Playground Nearby, Public Parking, Public Transit, Rec./Community Centre, School Bus Route, Schools |
|---|---|
| Roof | Tar/Gravel, Other |
| Construction | Brick |
| Foundation | Poured Concrete |
Additional Information
| Date Last Updated | June 17th, 2025 |
|---|---|
| Zoning | CG |
Listing Details
| Office | RE/MAX ERIE SHORES REALTY INC. BROKERAGE |
|---|