292 SIMCOE STREET

London East (East K), , N6B1J5, Canada

$1,690,000

This place is absolutely money maker. Incredible cap rate of 6.5%. This lovely 5 unit town house consist of unit 1 1 bedroom upstairs with finished basement that has a laundry and rec room. unit 2,3,4 and 5 are exact same and they all are consist of 2 bedroom upstairs with a full bathroom as well as finished basement with full bathroom, rec room and laundry area. This lovely well managed complex has gone through full renovation in 2023. new 25 years warranty roof, new windows, new doors ,led lights all around ,new bathrooms, new electrical panels, new plumbing, new flooring, new paint, new kitchen and all units has stainless steel appliances. (stove, range hood, fridge, dishwasher, washer and dryer) All units also have heat pumps on main and second floors that provide hot and cold air. 4 out of 5 units are fully rented. unit 4 is kept vacant for showing purpose. approximately 9k net profit per month. Beautiful multi unit investment opportunity in the downtown core. very low property taxes. huge back parking lot space can fit up to 12 cars. Video surveillance system help managing your investment.

EXTRAS: Washer, Refrigerator, Water meter, Dishwasher, Stove, Range, Dryer, Water Heater

Last updated on : Thursday 29th of May 2025 05:05:57 PM

ADDRESS

Street : 292 SIMCOE STREET

City : London East (East K)

Country : Canada

Postal Code : N6B1J5

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PROPERTY SUMMARY

Property ID : X12163736

Building Type : Other

Property Type : Multi-family

Bedrooms : 9

Bathrooms : 9

Parking : 12

Parking Type: No Garage

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