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$699,900
184 SIMCOE Street
London, Ontario, Ontario, N6B1H9
MLS® Number: 40728405
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.
Building information
Type
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Architectural Style
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Basement Development
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Basement Type
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Construction Style Attachment
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Exterior Finish
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Foundation Type
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Heating Fuel
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Heating Type
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Size Interior
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Stories Total
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Utility Water
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Land information
Sewer
*****
Size Depth
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Size Frontage
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Size Total
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Rooms
Upper Level
Kitchen
*****
Bedroom
*****
Bedroom
*****
4pc Bathroom
*****
Main level
Kitchen
*****
Kitchen
*****
Bedroom
*****
Bedroom
*****
4pc Bathroom
*****
4pc Bathroom
*****
Lower level
Kitchen
*****
Basement
Bedroom
*****
4pc Bathroom
*****
Upper Level
Kitchen
*****
Bedroom
*****
Bedroom
*****
4pc Bathroom
*****
Main level
Kitchen
*****
Kitchen
*****
Bedroom
*****
Bedroom
*****
4pc Bathroom
*****
4pc Bathroom
*****
Lower level
Kitchen
*****
Basement
Bedroom
*****
4pc Bathroom
*****
Upper Level
Kitchen
*****
Bedroom
*****
Bedroom
*****
4pc Bathroom
*****
Main level
Kitchen
*****
Kitchen
*****
Bedroom
*****
Bedroom
*****
4pc Bathroom
*****
4pc Bathroom
*****
Lower level
Kitchen
*****
Basement
Bedroom
*****
4pc Bathroom
*****
Upper Level
Kitchen
*****
Bedroom
*****
Bedroom
*****
4pc Bathroom
*****
Main level
Kitchen
*****
Kitchen
*****
Bedroom
*****
Bedroom
*****
4pc Bathroom
*****
4pc Bathroom
*****
Lower level
Kitchen
*****
Courtesy of CENTURY 21 MILLENNIUM INC
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