184 Simcoe Street London East, Ontario N6B 1H9
$699,900
$5,500 Income Per Month! Well Managed, Turn key in Good repair! Brick building with 5 + parking, 4 Separate meters, Coin Washer & Dryer. Unit#1($1,650/m) 1 + Den, Front door renovated: Unit#2($1,050/m): Access through rear, 1 Bed, renovated Unit#3($1,332/m): Access through rear main level door, 1 Bed, Unit#4($1,230/m): Access through rear lower level door, 1 Bed+den, Coin Laundry ($150/m): All units heated by baseboard electric. Deep lot for additional potential. R3-1 Zoning allows Fourplex. Landlord pays electric meter for common area coin laundry, Storage & utility room. Deep Lot, Additional potential ZONING ALLOWS PARKING IN REAR. Take advantage of Vendor Financing 6.5% interest. After Mortgage, insurance, utilities NET Income positive cashflow $1,362.10/m, Vendor Mortgage = $3,367/m; Collect rents+laundry = $5,500/m, Property taxes - $287/m, Utilities/Insurance - $496/m. NET INCOME $56,749. (id:50886)
Property Details
| MLS® Number | X12145406 |
| Property Type | Multi-family |
| Community Name | East K |
| Parking Space Total | 8 |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 5 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 6 |
| Appliances | Dryer, Washer |
| Basement Development | Finished |
| Basement Features | Separate Entrance |
| Basement Type | N/a (finished) |
| Construction Style Split Level | Backsplit |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Size Interior | 2,000 - 2,500 Ft2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 197 Ft ,8 In |
| Size Frontage | 38 Ft ,7 In |
| Size Irregular | 38.6 X 197.7 Ft ; Deep Lot |
| Size Total Text | 38.6 X 197.7 Ft ; Deep Lot |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|
https://www.realtor.ca/real-estate/28306234/184-simcoe-street-london-east-east-k-east-k
Contact Us
Contact us for more information
Ryan Anderson
Salesperson
www.ryan-anderson.c21.ca/
www.facebook.com/ryananderson.realtor/
181 Queen St East
Brampton, Ontario L6W 2B3
(905) 450-8300
www.c21m.ca/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 14 2025 10:01:01
Toronto Regional Real Estate Board
Century 21 Millennium Inc.