39 KENT STREET N, Norfolk (Simcoe)

$999,999

For sale: Multiplex

Multiplex at 39 KENT STREET N, Norfolk (Simcoe)
Property type
Investment
MLS®
MLS® X14088424
Neighbourhood
Simcoe

Prime investment opportunity in Simcoe, Norfolk County! Located just a short walk from historic downtown, this 10-unit mixed-use building presents exceptional value-add potential for savvy investors. The property features five fully finished residential suites on the upper level generating immediate cash flow, alongside five street-level commercial spaces designed for high visibility and foot traffic. Capitalize on significant upside by finishing the main floor's commercial units, allowing you to optimize rental income and boost equity. Complete with sub-grade basement areas equipped with washroom facilities for versatile utility or storage, this multi-family asset combines immediate cash flow with strong growth potential in a prime, central location.

Sold data

Homes in Simcoe — recent sold market

Homes in Simcoe took a median of 40 days to sell over the last 365 days, with the quickest quarter selling within 17 days and the slowest quarter taking more than 76, across 104 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 64 days.

The median sale price was $549,900.

Homes sold for about 2.5% below asking on average, so there was room to negotiate.

About 12% of sales closed above the list price.

Around 32% of sellers reduced their price before finding a buyer.

Median days to sell
41
Median sale price
$549,900
Sale-to-list ratio
97.5%
Sold above asking
13%

Based on 104 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 39 KENT STREET N