184 SIMCOE Street, London, Ontario
$699,900
- 5 Beds
- 4 Baths
- 2,002 Square Feet
$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:23309)
- Listing ID: 40728405
- Property Type: Single Family
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 184 SIMCOE Street in London Ontario. It was last modified on May 14th, 2025. Contact Bird House Real Estate to schedule a viewing or to discover other London homes for sale.