184 SIMCOE STREET

Single Family For Sale in London, Ontario

$825,900
  • 5 Beds
  • 4 Baths
  • 3,000 Sq. Ft.
**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 (id:4069)
Address 184 SIMCOE STREET
List Price $825,900
Property Type Single Family
Type of Dwelling Fourplex
Area Ontario
Sub-Area London
Bedrooms 5
Bathrooms 4
Floor Area 3,000 Sq. Ft.
Lot Size 38.6 x 197.7 FT Sq. Ft.
MLS® Number X9379118
Listing Brokerage CENTURY 21 MILLENNIUM INC.
Basement Area N/A (Finished)
Postal Code N6B1H9

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Thrive Realty Group Inc., Brokerage

660 Maitland Street London ON N5Y 2V8

Office: (519) 204-5055

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