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$712,900
Ontario,London East (East K)
For Sale Active
184 SIMCOE STREET, London East (East K), Ontario N6B1H9
  • 6
  • 4
  • 2000 - 2500Square Feet
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Basic Details
Description

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 9%. 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. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X12469490
  • Price: $712,900
  • Bedrooms: 6
  • Bathrooms: 4
  • Square Footage: 2000 - 2500 Sqft
  • Status: Active
  • Office Name: COMFREE
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 299944
Features & Appliances
Features
  • Heating System: Electric, Baseboard heaters
  • Basement: Finished, N/A
  • Parking: No Garage
  • Exterior Features: Brick
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, London East (East K), N6B1H9
  • Street: Simcoe
  • Street Number: 184
  • Street Suffix: Street
  • Longitude: W82° 45' 14.6''
  • Latitude: N42° 58' 41.7''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Features:
  • Lot Size Dimensions: 38.6 x 197.7 FT
  • Stories: 2.0
Financial
  • Tax Annual Amount: 3445
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Listing updated: 2025-12-31 14:44:33
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Listing Information
  • List Agent Key: 2241186
  • List Office Key: 299944
  • Modification Timestamp: 2025-11-18T17:35:40Z
  • Originating System Name: Ottawa Real Estate Board
  • Status Change Timestamp: 2025-11-18T17:24:23Z
Powered by REALTOR.ca
Listing updated: 2025-12-31 14:44:33
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