RE/MAX Erie Shores Realty Inc. Brokerage

17-23 S Kent Street
Town of Simcoe Simcoe N3Y 2X7

$1,800,000
Residential Income beds: 9 baths: 13.0 12,250 sq. ft.

Main Photo: 17-23 S Kent Street in Simcoe: Town of Simcoe Multi Family for sale : MLS®# 40703890
Photo 1: 17-23 S Kent Street in Simcoe: Town of Simcoe Multi Family for sale : MLS®# 40703890
Photo 2: 17-23 S Kent Street in Simcoe: Town of Simcoe Multi Family for sale : MLS®# 40703890
Photo 3: 17-23 S Kent Street in Simcoe: Town of Simcoe Multi Family for sale : MLS®# 40703890
Status:
Active
Prop. Type:
Residential Income
MLS® Num:
40703890
Bedrooms:
9
Bathrooms:
13
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
Property Type:
Residential Income
Property SubType:
Multi Family
Listing General Location:
Town of Simcoe, Town of Simcoe
Bedrooms:
9
Bathrooms:
13.0 (Full:-/Half:-)
Lot Size:
10,280 sq. ft.
Lot Details:
79.8 x
Lot Frontage:
79'10"
Frontage Type:
East
Kitchens:
0
County Or Parish:
Norfolk
Features:
Attached Garage: No, Crops Included: No, Garage: No, Inspection ESA: No, Inspection Fire: Yes, New Construction: No
Construction:
Brick
Basement:
Full, Unfinished
Foundation:
Poured Concrete
UFFI:
No
Roof:
Tar/Gravel, Other
Year Roof Replaced:
2020
Number of Storeys:
2
Number of Buildings:
0
Total Floor Area:
12,250 sq. ft.
Finished Area Above Grade:
12,250 sq. ft.
Fireplace:
false
Inspection Fire Date:
Jan 20, 2023
Laundry Features:
Coin Operated
Water Supply:
Municipal
Water Meter:
Yes
Water Treatment:
No
Sewer:
Sewer (Municipal)
Cooling:
None
Heating:
Baseboard, Forced Air, Natural Gas
Carbon Monoxide Detector,Smoke Detector,10 Refrigerators & 10 Stoves In "as Is" Condition. 1 Commercial Washer And 1commercial Dryer In "as Is" Condition.
Refrigerator, Stove
All Tenant Belongings.
None
false
No
North on Norfolk St, right on Robinson, left on Kent. Property on the left #17-23.
No
Carbon Monoxide Detector, Smoke Detector, Alarm System
HST Applicable To Sale Price:
Yes
Features:
Attached Garage: No, Crops Included: No, Garage: No, Inspection ESA: No, Inspection Fire: Yes, New Construction: No
Electric Expense:
$3,721.53
Insurance Expense:
$4,189.32
Expenses:
Actual
Heating Expense:
$4,641.45
Leases:
Yes
Zoning:
CG
Accessibility:
Fire Escape
Total Acres:
0.236
Exposure / Faces:
East
Lot Site Features:
Irregular Lot, City Lot, Hospital, Library, Place of Worship, Playground Nearby, Public Parking, Public Transit, Rec./Community Centre, School Bus Route, Schools
Features:
Attached Garage: No, Crops Included: No, Garage: No, Inspection ESA: No, Inspection Fire: Yes, New Construction: No
Parking:
Gravel
# Of Total Parking Spaces:
7.0
# Of Open Parking Spaces:
7.0
Driveway Parking:
Outside/Surface/Open
Road Frontage Type:
Municipal Road
Licensed Dwelling:
No
Num Apartment Units:
2
Num Bachelor Units:
0
Num Efficiency Units:
0
Num Loft Units:
0
Num Other Units:
0
Num Penthouse Units:
0
Num Studio Units:
1
Num Occupied Units:
12
Listed Date:
Mar 06, 2025
  • Photo 1: 17-23 S Kent Street in Simcoe: Town of Simcoe Multi Family for sale : MLS®# 40703890
    Photo 1 of 3
  • Photo 2: 17-23 S Kent Street in Simcoe: Town of Simcoe Multi Family for sale : MLS®# 40703890
    Photo 2 of 3
  • Photo 3: 17-23 S Kent Street in Simcoe: Town of Simcoe Multi Family for sale : MLS®# 40703890
    Photo 3 of 3
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Listed by RE/MAX ERIE SHORES REALTY INC. BROKERAGE
Data was last updated July 7, 2025 at 11:50 AM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$499,000
Min list price:
$349,900
Max list price:
$1,800,000
Avg days on market:
61
Min days on market:
4
Max days on market:
236
Avg price per sq.ft.:
$177.49
These statistics are generated based on the current listing's property type and located in Town of Simcoe. Average values are derived using median calculations.
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