5 Beds 4 Bath

184 Simcoe Street, London, ON N6B 1H9

London N6B 1H9 Ontario

MLS: X11992024

$764,900

Added 9 days ago | For Sale

Listed by: CENTURY 21 MILLENNIUM INC.

About Property

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!

Features

  • House Style:Fourplex
  • Bathrooms:4
  • Land Size: 38.55 X 197.74
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Electric
  • Cross Street:Simcoe Street/Richmond Street
  • Basement:Finished,Separate Entrance , Finished,Separate Entrance
  • Possession Date:TBA
  • Annual Property taxes: $3445.15
  • Bedrooms:5 +1
  • Total Parking Spaces:8
  • Parking Places:8
  • Heating Type:Baseboard
  • Pool Type:None
  • Exterior:
  • Direction Facing:North
  • Front Footage:
  • Listing ID:X11992024

Level Type Features Dimensions
Main Kitchen 14 ft, 8 in x 1 ft, 1 in

No property rooms available.

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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