184 SIMCOE Street Active Save Request In-Person Tour Request Virtual Tour
London,ON N6B1H9
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,002 sqft
Price per Sqft $349
Subdivision East K
MLS Listing ID 40728405
Style 2 Level
Bedrooms 5
Property Sub-Type Freehold
Source Cornerstone - Mississauga
Property Description
$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): 1 Bed, renovated Unit#3($1,332/m): 1 Bed, Unit#4($1,230/m): 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 cash flow $1,362.10/m, Vendor Mortgage = $3,367/m; Collect rents+laundry = $5,500/m, Property taxes - $287/m, Utilities/Insurance - $496/m. All units heated by baseboard electric. Deep lot for additional potential. R3-1 Zoning allows Fourplex. Net Income $55,552. (id:24570)
Location
Province ON
Rooms
Kitchen 4.0
Extra Room 1 Basement Measurements not available 4pc Bathroom
Extra Room 2 Basement 1'0'' x 1'0'' Bedroom
Extra Room 3 Lower level 1'0'' x 1'0'' Kitchen
Extra Room 4 Main level Measurements not available 4pc Bathroom
Extra Room 5 Main level Measurements not available 4pc Bathroom
Extra Room 6 Main level 1'0'' x 1'0'' Bedroom
Interior
Heating Baseboard heaters,
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Architectural Style 2 Level
Others
Ownership Freehold