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
For sale
C$1,800,000
23 Kent St S #17, Norfolk County, ON N3Y 2X7
9beds
13baths
12,250sqft
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
C$147/sqft
C$-- HOA
What's special
New roofGallery style kitchenLarge bedroomSeparate laundry roomGround floor accessStudio apartmentMultiuse space
- 146 days
- on Zillow |
- 10 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: July 08, 2025 at 02:22pm
Listed by:
Penny Shurr, Salesperson,
RE/MAX ERIE SHORES REALTY INC. BROKERAGE
Source: ITSO,MLS®#: 40703890Originating MLS®#: Simcoe and District Real Estate Board
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 13
Heating
- Baseboard, Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Refrigerator, Stove
- Laundry: Coin Operated
Features
- None
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 12,250
- Total interior livable area: 12,250 sqft
- Finished area above ground: 12,250
Property
Parking
- Total spaces: 7
- Parking features: Gravel, Outside/Surface/Open
- Uncovered spaces: 7
Accessibility
- Accessibility features: Fire Escape
Features
- Frontage type: East
- Frontage length: 79.80
Lot
- Size: 10,280.16 Square Feet
- Dimensions: 79.8 x
- Features: Irregular Lot, City Lot, Hospital, Library, Place of Worship, Playground Nearby, Public Parking, Public Transit, Rec./Community Centre, School Bus Route, Schools
Details
- Parcel number: 502250136
- Zoning: CG
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Poured Concrete
- Roof: Tar/Gravel, Other
Condition
- 100+ Years
- New construction: No
Utilities & green energy
- Sewer: Sewer (Municipal)
- Water: Municipal
Community & HOA
Community
- Security: Carbon Monoxide Detector, Smoke Detector, Alarm System
Location
- Region: Norfolk County
Financial & listing details
- Price per square foot: C$147/sqft
- Annual tax amount: C$14,518
- Date on market: 3/6/2025
- Inclusions: Carbon Monoxide Detector, Smoke Detector, 10 Refrigerators & 10 Stoves In "as Is" Condition. 1 Commercial Washer And 1commercial Dryer In "as Is" Condition.
- Exclusions: All Tenant Belongings.
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