A Great cash flowing property in a prime downtown location in Simcoe making it a perfect addition to any investor's portfolio. This Property consists of 4 Commercial and 6 Residential units on second floor. Residential Units vary in size, as Unit 1 has four bedrooms, Unit 2 and 5 have two bedrooms, and Units 3,4 and 6 are one bedroom/bachelors. All units feature a Full Kitchen & Bathroom. Commercial units are fully rented with top notch finishes. Other upgrades include; New Luxury vinyl Flooring, New Additional Gas Furnace . New Bathroom plumbing, toilet and sink. Unit 2 ( 2 bedroom apt) has New Windows. Drywall, New Carpet; the list goes on and on. Highly Profitable and easy to Manage. Great cash flowing building in prime downtown location across from Simcoe's Top health and fitness centre & Salon. Fully tenanted. Commercial units all fully renovated. Massive front courtyard could be a great food truck location. Highly profitable and easy to manage with a cap rate of 7.8% (id:4069)
Address
49 N KENT Street N
List Price
$1,875,000
Property Type
Other
Transaction Type
Sale
Area
Ontario
Sub-Area
Simcoe
Floor Area
10,000 Sq. Ft.
MLS® Number
40808990
Listing Brokerage
Century 21 Heritage Group LTD
Basement Area
Partial
Postal Code
N3Y3S1
Zoning
CBD
Site Influences
Hospital, Public Transit, Schools
