$798,500 FOR SALE

Fourplex Backsplit

Bedrooms: 5+1Bathrooms: 4Lot: 38.58 x 197.67 ft

184 Simcoe Street
London, ON N6B 1H9

Legal Rent increases due(+$100/m)** Well Managed, Turn key in Good repair! Brick building with 5 + parking, 4 Separate meters, Coin Washer & Dryer. Unit#1($1,640/m): Unit#2($1,050/m): Access through rear, main level door, 1 Bed, 4 pcs bath, renovated with pot lights & laminated floor. Unit#3($1,300/m): Access through rear main level door, use common area stair to second level, 1 Bed, 4 pcs bathroom , eat in kitchen, laminate flooring. Unit#4($1,230/m): Access through rear lower level door, 1 Bed+den, kitchen living combined, 4 pcs bathroom. Coin Laundry ($150/m): through rear lower Level door, Landlord pays electric meter for common area coin laundry, Storage & utility room. Deep Lot, Additional potential ZONING ALLOWS PARKING IN REAR. LIVE IN 2 Bdrm+1 with FRONT DOOR ACCESS TO MAIN LEVEL, 4PC BATH, RECENTLY RENOVATED WITH POT LIGHTS & LAMINATE FLOORING; Your Mortgage = $4112/m; Collect 3 rents = $3625/m Property taxes + $287/m, your Total monthly payment = $774/m with Minimum Down Payment! **EXTRAS** Any chattels remaining on the property not belonging to Tenants. LIVE IN THE VACANT FRONT UNIT AND HAVE THE OTHER 3 TENANTS PAY YOUR MORTGAGE. (id:47423)

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Listed By CENTURY 21 MILLENNIUM INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X11920804
Last Updated Feb 07, 2025
Property Summary
Property Type Fourplex

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Community East K
Price History
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Detailed Information
Bedrooms 5+1
Bathrooms 4
Lot 38.58 x 197.67 ft
Listing Contract Date 2025-01-13
Location Description Simcoe Street/Richmond Street
# of Parking Spaces 8
Property Type Single Family
Transaction Type For sale
Building
Appliances Dryer, Washer
Basement Development Finished
Basement Features Separate entrance
Basement Type N/A (Finished)
Construction Style (Split Level) Backsplit
Exterior Finish Brick
Foundation Type Block
Heating Fuel Electric
Heating Type Baseboard heaters
Type Fourplex
Utility Water Municipal water
Rooms
Room Level Dimensions Notes
KitchenMain level4.46 m x 0.324 m
Land
Total Size 38.6 x 197.7 FT ; DEEP LOT
Sewer Sanitary sewer
Size of Irregular Land 38.6 x 197.7 FT ; DEEP LOT

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