$764,900
$12,100184 Simcoe Street, London, ON N6B 1H9
East K, London,
Properties with this icon are courtesy of
TRREB.
Well Managed, Turn key in Good repair! Brick building with 5 + parking, 4 Separate meters, Coin Washer & Dryer. Unit#1($1,750/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): 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**EXTRAS** Any chattels remaining on the property not belonging to Tenants. LIVE IN VACANT FRONT UNIT Vendor Mortgage = $3,367/m; Collect 3 rents+laundry = $3,762/m, Property taxes - $287/m, Utilities/Insurance - $496/m live here your Total monthly payment = $338/m with minimum Down Payment!
- HoldoverDays: 180
- Architectural Style: Backsplit 4
- Property Type: Residential Freehold
- Property Sub Type: Fourplex
- DirectionFaces: North
- Directions: Simcoe Street/Richmond Street
- Tax Year: 2024
- Parking Features: Private
- ParkingSpaces: 8
- Parking Total: 8
- WashroomsType1: 2
- WashroomsType1Level: Ground
- WashroomsType2: 1
- WashroomsType2Level: Upper
- WashroomsType3: 1
- WashroomsType3Level: Basement
- BedroomsAboveGrade: 5
- BedroomsBelowGrade: 1
- Interior Features: Other
- Basement: Finished, Separate Entrance
- HeatSource: Electric
- HeatType: Baseboard
- ConstructionMaterials: Brick
- Roof: Asphalt Shingle
- Sewer: Sewer
- Foundation Details: Concrete Block
- Parcel Number: 083200053
- LotSizeUnits: Feet
- LotDepth: 197.74
- LotWidth: 38.55
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