292 Simcoe St
East K, London East
$1,690,000
Buy with Dwelly and Save $16,900
Home Details
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Listing 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.
5 washers, 5 dryers, 5 dishwashers, 5 stoves, 5 range tops, 5 fridges, rear shed and all existing light fixtures.
City: London East
Neighborhood: East K
Property History
| Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
|---|---|---|---|---|---|
| Nov 5, 2024 | 176 | $1,700 | N/A | Expired | X10410013 |
Rooms
Room dimensions for 292 Simcoe St, London East
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 292 Simcoe St is 8331
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $1690000 |
| Down Payment | $338000 |
| Mortgage Insurance | $0 |
| Total Mortgage | $1352000 |
Monthly Payment
| Mortgage Payment | $8331 |
| Property Taxes | $0 |
| Maintenance Fees | $0 |
| Monthly Payment | $8331 |
About 292 Simcoe St, London East
Located at 292 Simcoe St , this London East house is available for sale. This property was listed for $1,690,000 on Wed May 21 2025. This house's size is 700-1100 Sqft. It has 9 bedrooms and 9 bathrooms. The property includes the following rooms: , , , , , , , , , , , . This property comes with 12 parking spots. 292 Simcoe St, London East is situated in the East K neighbourhood.
MLS#: X12163736 · $1,690,000 · 9 bedroom house in East K, London East