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London, ON N6B 1H9,184 Simcoe Street
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London, ON N6B 1H9,184 Simcoe Street
London, ON N6B 1H9,184 Simcoe Street
London, ON N6B 1H9,184 Simcoe Street
London, ON N6B 1H9,184 Simcoe Street
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Ivan Gascho

Ivan Gascho

The Gascho Group | Real Estate

+1(519) 573-7440
Listed by Ryan Anderson • CENTURY 21 MILLENNIUM INC
$ 699,900
Est. payment /mo
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Active

184 Simcoe Street London, ON N6B 1H9

5 Beds

4 Baths

2,002 SqFt

UPDATED:

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

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agent

Ivan Gascho

Broker | License ID: 5015171

+1(519) 573-7440

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184 Simcoe Street