$825,900
Available - For Sale
Listing ID: X9379118
184 Simcoe St , London, N6B 1H9, Ontario
| **Seller willing to Hold Financing!** 1st mortgage @6%/yr**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): Front door access on Main level, 1+1 bed, 4 pcs bath, recently renovated, Pot Lights , laminate flooring. 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. All units heated by baseboard electric. Deep lot for additional potential. R3-1 Zoning allows Fourplex. This property currently ***Under Power of Sale*** Buyer will complete their own due diligence, accept the property as is. Seller cannot offer any warranties. NET INCOME $55,759 (buyer to verify) |
| Extras: Any chattels remaining on the property not belonging to Tenants |
| Price | $825,900 |
| Taxes: | $3445.15 |
| Address: | 184 Simcoe St , London, N6B 1H9, Ontario |
| Lot Size: | 38.55 x 197.74 (Feet) |
| Directions/Cross Streets: | Simcoe St/Richmond St |
| Rooms: | 13 |
| Rooms +: | 5 |
| Bedrooms: | 4 |
| Bedrooms +: | 1 |
| Kitchens: | 3 |
| Kitchens +: | 1 |
| Family Room: | Y |
| Basement: | Finished, Sep Entrance |
| Property Type: | Fourplex |
| Style: | 2-Storey |
| Exterior: | Brick |
| Garage Type: | None |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 4 |
| Pool: | None |
| Approximatly Square Footage: | 3000-3500 |
| Fireplace/Stove: | N |
| Heat Source: | Electric |
| Heat Type: | Baseboard |
| Central Air Conditioning: | None |
| Sewers: | Sewers |
| Water: | Municipal |
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| CENTURY 21 MILLENNIUM INC. |
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416-828-2535
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647-462-9629
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At a Glance:
| Type: | Freehold - Fourplex |
| Area: | Middlesex |
| Municipality: | London |
| Neighbourhood: | East K |
| Style: | 2-Storey |
| Lot Size: | 38.55 x 197.74(Feet) |
| Tax: | $3,445.15 |
| Beds: | 4+1 |
| Baths: | 4 |
| Fireplace: | N |
| Pool: | None |
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