Matthew Tenk
Broker of Record
85 Kent Street N Simcoe, Ontario N5Y 3S3
$875,000
Incredible Opportunity! This turn-key, low maintenance, cash flowing Fourplex located in great location in Simcoe with a 7 cap rate bringing in an annual $72,000. Offering a well maintained 4 unit building situated on a double lot with lots of parking. Fully rented to high-quality A+ tenants with spacious units and each unit has it's own hydro meter. This building has an extensive list of new updates and renovations throughout the interior and exterior. Many upgrades including roof (2020), electrical (2019), plumbing (2017). Additional income with coin- op laundry. Located in the heart of Simcoe close to all amenities including the Norfolk Golf Club and Port Dover. Don't miss out on this great investment opportunity, act quick! Can be purchased together with 72 Kent. (id:39551)
Property Details
| MLS® Number | 40584140 |
| Property Type | Multi-family |
| Amenities Near By | Golf Nearby, Hospital, Park, Schools |
| Features | Laundry- Coin Operated |
| Parking Space Total | 6 |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 6 |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Construction Material | Wood Frame |
| Cooling Type | Ductless |
| Exterior Finish | Concrete, Wood |
| Fireplace Present | No |
| Foundation Type | Poured Concrete |
| Heating Type | Heat Pump |
| Stories Total | 2 |
| Size Interior | 3079 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Golf Nearby, Hospital, Park, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 119 Ft |
| Size Frontage | 86 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Rb |
https://www.realtor.ca/real-estate/26857300/85-kent-street-n-simcoe
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London and St. Thomas Association of REALTORS®
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May 07 2024 04:29:46
