ON
London East (East K)
N6B1H9
184 Simcoe Street
184 Simcoe Street, London East (East K), ON N6B1H9
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Listing Type
Multi Family
Listing Status
active
35
$729,900

Home Details for 184 Simcoe Street

Price
$729,900
Type
Residential Income
Bedrooms
6
Bathrooms
4.0
Square feet
NaN
Parking
Days on site
9
Listing #
X12469490
Property Description

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. (id:31684)

Property Features
  • Heating Information
    • Baseboard
    • Electric
Listing Courtesy: COMFREE
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EXIT RESULTS REALTY, BROKERAGE
645 Edwards Street, Rockland, ON K4K 1L4
Paul Dion
License #: 5030680
Sales Representative
Office
613 446 2600
Agent
613 293 3337
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