41
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$798,500
Est. payment /mo
5 BD
4 BA
Active
184 Simcoe ST London, ON N6B 1H9
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UPDATED:
02/14/2025 06:32 PM
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision East K
MLS Listing ID X11920804
Style Backsplit 4
Bedrooms 5
Annual Tax Amount $3,445
Tax Year 2024
Property Sub-Type Fourplex
Property Description
Legal Rent increases due(+$100/m)** Well Managed, Turn key in Good repair! Brick building with 5 + parking, 4 Separate meters, Coin Washer & Dryer. Unit#1($1,640/m): Unit#2($1,050/m): Access through rear, main level door, 1 Bed, 4 pcs bath, renovated with pot lights & laminated floor. Unit#3($1,300/m): Access through rear main level door, use common area stair to second level, 1 Bed, 4 pcs bathroom , eat in kitchen, laminate flooring. Unit#4($1,230/m): Access through rear lower level door, 1 Bed+den, kitchen living combined, 4 pcs bathroom. Coin Laundry ($150/m): through rear lower Level door, Landlord pays electric meter for common area coin laundry, Storage & utility room. Deep Lot, Additional potential ZONING ALLOWS PARKING IN REAR. LIVE IN 2 Bdrm+1 with FRONT DOOR ACCESS TO MAIN LEVEL, 4PC BATH, RECENTLY RENOVATED WITH POT LIGHTS & LAMINATE FLOORING; Your Mortgage = $4112/m; Collect 3 rents = $3625/m Property taxes + $287/m, your Total monthly payment = $774/m with Minimum Down Payment! **EXTRAS** Any chattels remaining on the property not belonging to Tenants. LIVE IN THE VACANT FRONT UNIT AND HAVE THE OTHER 3 TENANTS PAY YOUR MORTGAGE.
Location
Province ON
County Middlesex
Community East K
Area Middlesex
Rooms
Family Room Yes
Basement Finished, Separate Entrance
Kitchen 4
Separate Den/Office 1
Interior
Interior Features Other
Cooling None
Fireplace No
Heat Source Electric
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 38.55
Lot Depth 197.74
Total Parking Spaces 8
Building
Foundation Concrete Block
Others
Virtual Tour https://my.matterport.com/show/?m=9CFkRSaf1Pm&mls=1
Listed by CENTURY 21 MILLENNIUM INC.