London, ON N6B1H9 184 SIMCOE Street

$699,900

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Presented By: CENTURY 21 MILLENNIUM INC
  • MLS# 40728405
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  • Beds • 5
  • Baths • 4
  • SQFT • 2,002

Home Details

$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:7434)
Presented By: CENTURY 21 MILLENNIUM INC

Interior Features for 184 SIMCOE Street

Other Interior Features

Basement DevelopmentFinished
Basement TypeFull (Finished)
Building Fireplace PresentFalse
Building Heating FuelElectric
Building Heating TypeBaseboard heaters
Construction Style AttachmentDetached

General for 184 SIMCOE Street

Building Architectural Style2 Level
Building TypeHouse
Building.StoriesTotal2
FeaturesLaundry- Coin operated
Foundation TypeBlock
Location DescriptionSimcoe Street/Richmond Street
Ownership TypeFreehold
Parking Space Total4
Property TypeSingle Family
Zoning DescriptionR3-1

Exterior for 184 SIMCOE Street

Exterior FinishBrick
SewerMunicipal sewage system

Additional Details

Raj Jhajj

Fraser Valley Real Estate Agent
Price $699,900
MLS#40728405
Property Type Single Family
Phone (778) 898-7252
Get pre-approved
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