184 Simcoe Street Active Save Request In-Person Tour Request Virtual Tour
London,ON N6B 1H9
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,002 sqft
Price per Sqft $349
MLS Listing ID 40728405
Style Two Story
Bedrooms 5
Full Baths 4
Abv Grd Liv Area 2,002
Annual Tax Amount $3,445
Property Sub-Type Detached
Source 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.
Location
Province ON
County Middlesex
Area East
Zoning R3-1
Direction Simcoe Street/Richmond Street
Rooms
Basement Full,Finished
Main Level Bedrooms 2
Kitchen 4
Interior
Interior Features Other
Heating Baseboard,Electric
Cooling Other
Fireplace No
Laundry Coin Operated,Common Area
Exterior
Roof Type Fiberglass
Lot Frontage 38.55
Lot Depth 197.74
Garage No
Building
Lot Description Urban,Other
Faces Simcoe Street/Richmond Street
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Architectural Style Two Story
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 083200053
Ownership Freehold/None