184 SIMCOE STREET

London East (East K), , N6B1H9, Canada

$744,900

$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.

EXTRAS: Washer, Dryer

Last updated on : Saturday 31st of May 2025 11:30:40 AM

ADDRESS

Street : 184 SIMCOE STREET

City : London East (East K)

Country : Canada

Postal Code : N6B1H9

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PROPERTY SUMMARY

Property ID : X12145406

Building Type : Fourplex

Property Type : Multi-family

Bedrooms : 6

Bathrooms : 4

Parking : 8

Parking Type: No Garage

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