292 Simcoe Street London East, Ontario N6B 1J5
$1,690,000
This place is absolutely money maker. Incredible cap rate of 6.5%. This lovely 5 unit town house consist of unit 1 1 bedroom upstairs with finished basement that has a laundry and rec room. unit 2,3,4 and 5 are exact same and they all are consist of 2 bedroom upstairs with a full bathroom as well as finished basement with full bathroom, rec room and laundry area. This lovely well managed complex has gone through full renovation in 2023. new 25 years warranty roof, new windows, new doors ,led lights all around ,new bathrooms, new electrical panels, new plumbing, new flooring, new paint, new kitchen and all units has stainless steel appliances. (stove, range hood, fridge, dishwasher, washer and dryer) All units also have heat pumps on main and second floors that provide hot and cold air. 4 out of 5 units are fully rented. unit 4 is kept vacant for showing purpose. approximately 9k net profit per month. Beautiful multi unit investment opportunity in the downtown core. very low property taxes. huge back parking lot space can fit up to 12 cars. Video surveillance system help managing your investment. (id:18082)
Property Details
| MLS® Number | X12163736 |
| Property Type | Multi-family |
| Community Name | East K |
| Amenities Near By | Hospital, Public Transit, Schools |
| Features | Dry |
| Parking Space Total | 12 |
| Structure | Shed |
| View Type | City View |
Building
| Bathroom Total | 9 |
| Bedrooms Above Ground | 9 |
| Bedrooms Total | 9 |
| Age | 51 To 99 Years |
| Appliances | Water Heater, Water Meter, Dishwasher, Dryer, Range, Stove, Washer, Refrigerator |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Cooling Type | Wall Unit |
| Exterior Finish | Brick |
| Foundation Type | Concrete |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 700 - 1,100 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Fence Type | Fully Fenced |
| Land Amenities | Hospital, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 165 Ft |
| Size Frontage | 40 Ft |
| Size Irregular | 40 X 165 Ft |
| Size Total Text | 40 X 165 Ft |
| Zoning Description | R3-1 |
Utilities
| Cable | Available |
| Sewer | Installed |
https://www.realtor.ca/real-estate/28345827/292-simcoe-street-london-east-east-k-east-k
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May 21 2025 09:21:57
London and St. Thomas Association of REALTORS®
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