$875,000^{FOR SALE}

Investment

Lot: 85.62 x 118.97 ftTotal Area: 3,079 ft²
2023 Taxes: $3,800Maintenance Fees: $3,000

85 Kent St N
Norfolk, ON N5Y 3S3 | Simcoe

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.

Listed By	ROYAL LEPAGE TRILAND REALTY
Data Provided By	Toronto Regional Real Estate Board
MLS® Listing Number	X8382472
Last Updated	May 29, 2024

Property Summary

Property Type	Investment More like this: Norfolk Investment for Sale
PIN	502250041
Legal Description	PT LT 10-11 BLK 66 PL 182 AS IN NR575309; NORFOLK COUNTY
Occupancy	Tenant
Possession Date	Flexible
Taxes (2023)	$3,800
Maintenance Fees	$3,000
Assessment (2016)	$280,000
Directions/Cross Streets	Union St To Kent St
Neighbourhood	Simcoe
Area	Norfolk

Price History

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Detailed Information

Bathrooms	4
Lot	85.62 x 118.97 ft
Total Area	3,079 ft²
Air Conditioning	Other
Basement	Y
Chattels	N
Garage Type	Outside/Surface
Parking Spaces	6
Heat Type	Heat Pump
Insurance Expense	$2,640
Other Expenses	$90
Sewers	Sewers
Water	Municipal
Zoning	RB
Seller Property Info Statement	Y

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85 Kent St N, Norfolk, ON N5Y 3S3

Investment

85 Kent St N Norfolk, ON N5Y 3S3 | Simcoe

85 Kent St N
Norfolk, ON N5Y 3S3 | Simcoe