184 Simcoe Street London, Ontario N6B 1H9

$825,900

**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:46421)

Property Details

MLS® Number	X9379118
Property Type	Single Family
Community Name	East K
Parking Space Total	4

Building

Bathroom Total	4
Bedrooms Above Ground	4
Bedrooms Below Ground	1
Bedrooms Total	5
Appliances	Dryer, Washer
Basement Development	Finished
Basement Features	Separate Entrance
Basement Type	N/a (finished)
Exterior Finish	Brick
Foundation Type	Block
Heating Fuel	Electric
Heating Type	Baseboard Heaters
Stories Total	2
Size Interior	3,000 - 3,500 Ft2
Type	Fourplex
Utility Water	Municipal Water

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	197 Ft ,8 In
Size Frontage	38 Ft ,7 In
Size Irregular	38.6 X 197.7 Ft
Size Total Text	38.6 X 197.7 Ft

Rooms

Level	Type	Length	Width	Dimensions

https://www.realtor.ca/real-estate/27495401/184-simcoe-street-london-east-k