85 Kent Street N Active Save Request In-Person Tour Request Virtual Tour
Simcoe,ON N3Y 3S3
Key Details
Property Type Multi-Family
Sub Type Multi-4 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 3,269 sqft
Price per Sqft $238
MLS Listing ID 40741672
Bedrooms 6
Abv Grd Liv Area 3,269
Year Built 1887
Annual Tax Amount $3,800
Property Sub-Type Multi-4 Unit
Source Hamilton - Burlington
Property Description
ANNUAL INCOME OF $74,400. This low maintenance, cash flowing Fourplex located in Simcoe has an impressive cap rate of 8.3%! Offering a 4 unit building situated on a double lot, the building features four spacious units, each with its own hydro meter and currently fully rented to high-quality A+ tenants. The property has undergone extensive renovations and updates, ensuring peace of mind for any investor. Key improvements include a new roof (2020), upgraded electrical (2019), and modern plumbing (2017). Additionally, there's potential for extra income with coin-operated laundry facilities on-site. Located in the heart of Simcoe, this Fourplex is conveniently close to local amenities, including the Norfolk Golf Club and is a quick drive to Port Dover. Don't miss out on this fantastic investment opportunity—act quickly to secure your future!
Location
Province ON
County Norfolk
Area Town Of Simcoe
Zoning CRB
Direction YOUNG AND KENT STREET N
Rooms
Basement Partial,Unfinished
Kitchen 0
Interior
Interior Features Separate Hydro Meters
Heating Baseboard
Cooling Wall Unit(s)
Fireplace No
Appliance Dishwasher,Refrigerator,Stove
Laundry Coin Operated,Common Area
Exterior
Roof Type Asphalt Shing
Lot Frontage 85.62
Lot Depth 118.97
Garage No
Building
Lot Description Hospital,Park,Schools
Faces YOUNG AND KENT STREET N
Story 2
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Vinyl Siding,Wood Siding
New Construction No
Others
Senior Community No
Tax ID 502250041
Ownership Freehold/None