17-23 Kent Street S
Simcoe, N3Y 2X7
$1,800,000
- Bedrooms
- 9
- Bathrooms
- 13
- Interior
- 10,290 ft²
- Lot
- 0.24 acres
- Type
- Multi-unit
About this home
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. ft. studio apartment with 20' ceilings and 2 baths, making this the perfect multiuse space. 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!
Property details
- Property type
- Multiplex
- Ownership
- Freehold
- Age
- 100+ Years
- Property taxes
- $14,518
- Heating
- Baseboard, Forced Air, Natural Gas
- Basement
- Full, Unfinished
- Parking
- 7 spaces
- Water
- Municipal
- Sewer
- Sewer (Municipal)
- Lot
- 0.24 acres
- Zoning
- CG
- Time on market
- 8 days on market
- MLS® number
- 40874637
Features
Outside
- Brick
- Tar/Gravel roof
The lot
- Irregular Lot
- City Lot
- Hospital
- Library
- Place of Worship
- Playground Nearby
- Public Parking
- Public Transit
- Rec./Community Centre
- School Bus Route
- Schools
Included with the home: Carbon Monoxide Detector,10 Fridges And Stoves In "as Is" Condition
Location
Thinking about the area? Read our guide to living in Simcoe.
Estimate your payment
20% down. The minimum on this price is $360,000.
Your monthly payment
$7,970
- Mortgage amount
- $1,440,000
- Interest over the amortization
- $951,003
An estimate at a fixed rate compounded twice a year. Insurance applies under 20% down. Your lender sets the real numbers, and the team can introduce you to a mortgage professional.
Ontario land transfer tax
How the tax adds up
| $0 to $55,000 | 0.5% | $275.00 |
| $55,000 to $250,000 | 1.0% | $1,950.00 |
| $250,000 to $400,000 | 1.5% | $2,250.00 |
| $400,000 to $1,800,000 | 2.0% | $28,000.00 |
Ontario land transfer tax
$32,475
- Tax before any refund
- $32,475.00
- You pay on closing
- $32,475.00
For a home with one or two single-family residences anywhere in Ontario outside Toronto. Your real estate lawyer confirms the amount and pays it on closing.
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