ON > London East > East K
London East, ON N6B 1J5,292 Simcoe ST
London East, ON N6B 1J5,292 Simcoe ST
London East, ON N6B 1J5,292 Simcoe ST
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$1,590,000
Est. payment /mo
9 Beds
9 Baths
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700-1100

Subdivision East K

MLS Listing ID X12381222

Style 2-Storey

Bedrooms 9

Tax Year 2025

Property Sub-Type Multiplex

Lot Depth 165.0

Lot Front 40.0

Appx SqFt 700-1100

Property 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.

Location

Province ON

County Middlesex

Community East K

Area Middlesex

Zoning R3-1

Rooms

Family Room No

Basement Full, Finished

Kitchen 5

Interior

Interior Features Water Heater

Cooling Wall Unit(s)

Inclusions 5 washer, 5 dryer, 5 dishwasher, 5 stove, 5 range top, 5 fridge, rear shed and all existing light fixtures.

Exterior

Parking Features Available

Pool None

View City

Roof Type Asphalt Shingle

Lot Frontage 40.0

Lot Depth 165.0

Total Parking Spaces 12

Building

Building Age 51-99

Foundation Concrete

Others

Senior Community No

ParcelsYN No

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Listed by CENTURY 21 FIRST CANADIAN CORP

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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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