184 Simcoe St
East K, London East
$699,900
Buy with Dwelly and Save $6,999
Home Details
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Listing Description
$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): Access through rear, 1 Bed, renovated Unit#3($1,332/m): Access through rear main level door, 1 Bed, Unit#4($1,230/m): Access through rear lower level door, 1 Bed+den, Coin Laundry ($150/m): All units heated by baseboard electric. Deep lot for additional potential. R3-1 Zoning allows Fourplex. 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 cashflow $1,362.10/m, Vendor Mortgage = $3,367/m; Collect rents+laundry = $5,500/m, Property taxes - $287/m, Utilities/Insurance - $496/m. NET INCOME $56,749.
Any chattels remaining on the property not belonging to Tenants. Currently on the property : common area Coin Washer and Dryer, gas Tankless hot water system, in possession of Seller, with ownership unknown.
City: London East
Neighborhood: East K
Property History
Rooms
Room dimensions for 184 Simcoe St, London East
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 184 Simcoe St is 3738
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $699900 |
| Down Payment | $139980 |
| Mortgage Insurance | $0 |
| Total Mortgage | $559920 |
Monthly Payment
| Mortgage Payment | $3450 |
| Property Taxes | $287 |
| Maintenance Fees | $0 |
| Monthly Payment | $3738 |
About 184 Simcoe St, London East
Located at 184 Simcoe St , this London East house is available for sale. This property was listed for $699,900 on Wed May 14 2025. This house's size is 2000-2500 Sqft. It has 5 bedrooms and 4 bathrooms. The property includes the following rooms: Kitchen. This property comes with 8 parking spots. 184 Simcoe St, London East is situated in the East K neighbourhood.
MLS#: X12145406 · $699,900 · 5 bedroom house in East K, London East