184 Simcoe Street London East, ON N6B 1H9
Listing Courtesy of: TORONTO IDX / Century 21 Millennium Inc. Brokerage / Ryan Anderson

  184 Simcoe Street London East, ON N6B 1H9

Active
$699,900
6
BED
4
BATH
2000-2500
SQFT
See Similar Listings

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): Access through rear, 1 Bed, renovated Unit#3($1,332/m): Access through rear main level door, 1 Bed, Unit#4($1,230/m): Access through rear lower level door, 1 Bed+den, Coin Laundry ($150/m): All units heated by baseboard electric. Deep lot for additional potential. R3-1 Zoning allows Fourplex. 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 cashflow $1,362.10/m, Vendor Mortgage = $3,367/m; Collect rents+laundry = $5,500/m, Property taxes - $287/m, Utilities/Insurance - $496/m. NET INCOME $56,749.

MLS®:
X12145406
Taxes
$3,445(2024)
Type
Multifamily
Style
Backsplit 4
County
Middlesex County
Community
East K

Listed By

Ryan Anderson, Century 21 Millennium Inc. Brokerage
Source
TORONTO IDX
Last checked May 16 2025 at 3:07 AM EDT
Bathroom Details
Interior Features
  • Other
Property Features
  • Foundation: Concrete Block
Heating and Cooling
  • Baseboard
  • None
Basement Information
  • Finished
  • Separate Entrance
Pool Information
  • None
Exterior Features
  • Brick
  • Roof: Asphalt Shingle
Utility Information
  • Sewer: Sewer
  • Fuel: Electric
  • Energy: Energy Certificate: No
Garage
  • None
Parking
  • Private
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Disclaimer: Copyright 2025 Toronto IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 5/15/25 20:07

CENTURY 21 Millennium Inc. Brokerage

millennium@century21.ca

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