292 Simcoe St

For Sale 12 Days
$1,590,000
9 beds
9 baths

292 Simcoe St

For Sale 12 Days
$1,590,000
9 beds
9 baths

Highlights

Key insights

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:63267)

EREN SEN of CENTURY 21 FIRST CANADIAN CORP,
#X12381222
updated 1 week ago.
Houseful checked MLS® for data 1 week ago.

Home overview

Amenities / Utilities
  • Cooling
    Wall unit
  • Heat source
    Electric
  • Heat type
    Baseboard heaters
  • Sewer/ septic
    Sanitary sewer
Exterior
  • # total stories
    2
  • Fencing
    Fully fenced
  • # parking spaces
    12
Interior
  • # full baths
    9
  • # total bathrooms
    9.0
  • # of above grade bedrooms
    9
Location
  • Subdivision
    East k
  • View
    City view
Overview
  • Lot size (acres)
    0.0
  • Listing #
    X12381222
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28813759/292-simcoe-street-london-east-east-k-east-k
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-4,240

/ Month
25 Years fixed, 20% down payment, % interest
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