184 Simcoe Street

London East, East K

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Turnkey fourplex generating approximately $5,500 in gross monthly income, or about $66,000 annually. After mortgage, insurance, and utilities, the property maintains a net positive cash flow, offering an estimated return of over 7%. The building includes four fully renovated units, each with its own kitchen and bath. Unit #1 rents for $1,750/month and features 2 bedrooms, a living room, kitchen, and bath. Unit #2 rents for $1,050/month, Unit #3 for $1,332.50/month, and Unit #4 for $1,230/month - each with 1 bedroom, kitchen, and bath. Coin laundry adds an additional $150/month. This solid brick building sits on a deep lot with over 5 parking spaces and zoning potential for rear parking. It includes 5 total bedrooms, 4 full bathrooms, and 4 kitchens, with 4 separate hydro meters. Additional features include baseboard electric heating in all units, a coin-operated washer and dryer, and a dedicated storage and utility room. The property is fully tenanted and ready for immediate cash flow.

This fourplex home located at 184 Simcoe Street, London East, ON N6B 1H9 is currently for For Sale and has been available on Wedu.ca for days. This property is listed at CA$730K. It has 6 beds, 4 bathrooms, and is 2000-2500 square feet. The property is N/A years old. 184 Simcoe Street, London East, ON N6B 1H9 is in London East neighborhood East K.