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$1,590,000
Ontario,London East (East K)
For Sale Active
292 SIMCOE STREET, London East (East K), Ontario N6B1J5
  • 9
  • 9
  • 1,100 Sqft
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1-877-888-3131
Basic Details
Description

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:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X12381222
  • Price: $1,590,000
  • Bedrooms: 9
  • Bathrooms: 9
  • View: City view
  • Square Footage: 1,100 Sqft
  • Status: Active
  • Property Sub Type: Multi-family
  • Office Key: 47128
Features & Appliances
Features
  • Heating System: Electric, Baseboard heaters
  • Cooling System: Wall unit
  • Basement: Finished, Full
  • Fence: Fully Fenced
  • Parking: No Garage
  • Exterior Features: Brick
  • Sewer: Sanitary sewer
  • Utilities: Electricity, Sewer, Cable
Address Map
  • Location: CA, Ontario, London East (East K), N6B1J5
  • Street: Simcoe
  • Street Number: 292
  • Street Suffix: Street
  • Longitude: W82° 45' 30.8''
  • Latitude: N42° 58' 46.2''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Features:
  • Lot Size Dimensions: 40 x 165 FT
  • Stories: 2.0
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Listing updated: 2025-09-14 09:37:54
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Listing Information
  • List Agent Key: 2029950
  • List Office Key: 47128
  • Modification Timestamp: 2025-09-04T17:40:16Z
  • Originating System Name: London and St. Thomas Association of REALTORS®
  • Status Change Timestamp: 2025-09-04T17:25:49Z
Powered by REALTOR.ca
Listing updated: 2025-09-14 09:37:54

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These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with PassGo Law.

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These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with PassGo Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

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These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with PassGo Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with PassGo Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

How It Works

1. Purchase Your Package

2. We Ship Your ‘For Sale’ Sign

3. Book Your VR Tour

4. Complete Listing Input Forms

5. We Make Your Listing Live

6. Get Support 7 Days a Week

7. iSOLD!

Learn More