RE/MAX Erie Shores Realty Inc. Brokerage

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

$1,800,000
Commercial Sale

Main Photo: 17-23 S Kent Street in Simcoe: Town of Simcoe Mixed for sale : MLS®# 40704040
Photo 1: 17-23 S Kent Street in Simcoe: Town of Simcoe Mixed for sale : MLS®# 40704040
Photo 2: 17-23 S Kent Street in Simcoe: Town of Simcoe Mixed for sale : MLS®# 40704040
Photo 3: 17-23 S Kent Street in Simcoe: Town of Simcoe Mixed for sale : MLS®# 40704040
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
40704040
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 the 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 40703890
Property Type:
Commercial Sale
Property SubType:
Mixed, Building Only
Listing General Location:
Town of Simcoe, Town of Simcoe
Bedrooms:
0
Bathrooms:
- (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, Common Elements Fee: No, New Construction: No
Construction:
Brick
Basement:
Full
Foundation:
Poured Concrete
UFFI:
No
Number of Storeys:
2
Total Floor Area:
12,250 sq. ft.
Fireplace:
false
Water Supply:
Municipal
Water Treatment:
No
Sewer:
Sewer (Municipal)
Carbon Monoxide Detectors, Smoke Detectors, 1 Commercial Washer And 1 Commercial Dryer "as Is" Condition. 10 Stoves And 10 Refrigerators "as Is" Condition.
Refrigerator, Stove
All Tenant Belongings.
false
No
North on Norfolk St, right on Robinson, left on Kent. Property on the left #17-23.
No
Alarm System
Features:
Attached Garage: No, Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
Electric Expense:
$3,721.53
Insurance Expense:
$4,189.32
Expenses:
Actual
Heating Expense:
$4,641.45
Zoning:
CG
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, Common Elements Fee: No, New Construction: No
Parking:
Gravel
# Of Total Parking Spaces:
7.0
# Of Open Parking Spaces:
7.0
Road Frontage Type:
Municipal Road
# Commercial Doors:
0
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
Listed Date:
Mar 06, 2025
  • Photo 1: 17-23 S Kent Street in Simcoe: Town of Simcoe Mixed for sale : MLS®# 40704040
    Photo 1 of 3
  • Photo 2: 17-23 S Kent Street in Simcoe: Town of Simcoe Mixed for sale : MLS®# 40704040
    Photo 2 of 3
  • Photo 3: 17-23 S Kent Street in Simcoe: Town of Simcoe Mixed for sale : MLS®# 40704040
    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:
18
Avg list price:
$793,500
Min list price:
$259,000
Max list price:
$6,500,000
Avg days on market:
86
Min days on market:
4
Max days on market:
343
Avg price per sq.ft.:
$194.97
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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