$744,900
4.56 BTC
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Map
184 Simcoe Street, London
$744,900
PRICE
5 + 1
BEDROOMS
4
BATHROOMS
X12145406
MLSID

184 Simcoe Street, London

$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.
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Summary

Address
184 Simcoe Street
City
Community
MLSID
X12145406
Property Type
Fourplex
Property Category
Bedrooms
5 + 1
Bathrooms
4
Kitchens
3 + 1
Taxes (Annual)
$3,445.15
Tax Year
2024
Published
May 13, 2025
Days on Market
78 Days
Possession Type
Flexible
Possession Details
Tba
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Inclusions

Any chattels remaining on the property not belonging to Tenants. Currently on the property : common area Coin Washer and Dryer, gas Tankless hot water system, in possession of Seller, with ownership unknown.

Exclusions

Any Tenant Belongings

Details

Security Features
Smoke Detector
Bathroom 1
4-Piece Ground Level
Bathroom 2
4-Piece Upper Level
Bathroom 3
4-Piece Basement Level
Parking Spaces
8
Parking Total
8
Parking Features
Private
Architectural Style
Backsplit 4
Roof
Asphalt Shingle
Construction Materials
Brick
Lot Width
39 Feet
Lot Depth
198 Feet
Water
Municipal
Heat Source
Electric
Heat Type
Baseboard
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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