$729,900
4.86 BTC
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Map
184 Simcoe Street, London
$729,900
PRICE
5 + 1
BEDROOMS
4
BATHROOMS
X12469490
MLSID

184 Simcoe Street, London

Turnkey fourplex generating approximately $5,500 in gross monthly income, or about $66,000 annually. After mortgage, insurance, and utilities, the property maintains a net positive cash flow, offering an estimated return of over 7%. The building includes four fully renovated units, each with its own kitchen and bath. Unit #1 rents for $1,750/month and features 2 bedrooms, a living room, kitchen, and bath. Unit #2 rents for $1,050/month, Unit #3 for $1,332.50/month, and Unit #4 for $1,230/month - each with 1 bedroom, kitchen, and bath. Coin laundry adds an additional $150/month. This solid brick building sits on a deep lot with over 5 parking spaces and zoning potential for rear parking. It includes 5 total bedrooms, 4 full bathrooms, and 4 kitchens, with 4 separate hydro meters. Additional features include baseboard electric heating in all units, a coin-operated washer and dryer, and a dedicated storage and utility room. The property is fully tenanted and ready for immediate cash flow.
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Summary

Address
184 Simcoe Street
City
Community
MLSID
X12469490
Property Type
Fourplex
Property Category
Bedrooms
5 + 1
Bathrooms
4
Kitchens
3 + 1
Taxes (Annual)
$3,445.00
Tax Year
2024
Published
October 17, 2025
Days on Market
1 Days
Possession Type
Flexible
Possession Details
Flexible
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Inclusions

dryer, refrigerator, stove, washer

Exclusions

tenant belongings

Details

Basement
Finished
Interior Features
Carpet Free
Parking Spaces
5
Parking Total
5
Architectural Style
2-Storey
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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