Allan-John Boulanger

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184 SIMCOE Street, London, Ontario

$699,900

5 Beds
4 Baths
2,002 Square Feet

$5,500 Income Per Month! Well Managed, Turn key in Good repair! Brick building with 5 + parking, 4 Separate meters, Coin Washer & Dryer. Unit#1($1,650/m) 1 + Den, Front door renovated: Unit#2($1,050/m): 1 Bed, renovated Unit#3($1,332/m): 1 Bed, Unit#4($1,230/m): 1 Bed+den, Coin Laundry ($150/m): Landlord pays electric meter for common area coin laundry, Storage & utility room. Deep Lot, Additional potential ZONING ALLOWS PARKING IN REAR. Take advantage of Vendor Financing 6.5% interest. After Mortgage, insurance, utilities NET Income positive cash flow $1,362.10/m, Vendor Mortgage = $3,367/m; Collect rents+laundry = $5,500/m, Property taxes - $287/m, Utilities/Insurance - $496/m. All units heated by baseboard electric. Deep lot for additional potential. R3-1 Zoning allows Fourplex. Net Income $55,552. (id:23309)

Listing ID: 40728405
Property Type: Single Family

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Rooms

Level	Type	Dimensions
4pc Bathroom	Basement	Measurements not available
Bedroom	Basement	1'0'' x 1'0''
Kitchen	Lower level	1'0'' x 1'0''
4pc Bathroom	Main level	Measurements not available
4pc Bathroom	Main level	Measurements not available
Bedroom	Main level	1'0'' x 1'0''
Bedroom	Main level	1'0'' x 1'0''
Kitchen	Main level	1'0'' x 1'0''
Kitchen	Main level	14'6'' x 10'6''
4pc Bathroom	Upper Level	Measurements not available
Bedroom	Upper Level	1'0'' x 1'0''
Bedroom	Upper Level	1'0'' x 1'0''
Kitchen	Upper Level	1'0'' x 1'0''

Details

Architectural Style: 2 Level
Features: Laundry- Coin operated
Ownership: Freehold
Parking Spaces: 4
Transaction: For sale
Zoning Description: R3-1

Building

Architectural Style: 2 Level
BasementType: Full (Finished)
Basement Development: Finished
Bedrooms Main Level: 4
Bedrooms Lower Level: 1
Construction Style Attachment: Detached
Exterior Finish: Brick
Fireplace Present: False
Foundation: Block
Bathrooms (Total): 4
Heating: Baseboard heaters
Heating Fuel: Electric
Size Interior: 2002 sqft
Stories Total: 2
Type: House
Utility Water: Municipal water

Land

Sewer: Municipal sewage system
Size Frontage: 39 ft

Listing provided by CENTURY 21 MILLENNIUM INC
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 184 SIMCOE Street in London Ontario. It was last modified on May 14th, 2025. Contact Allan-John Boulanger to schedule a viewing or to discover other London homes for sale.

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