ON > London East > East K
London East, ON N6B 1H9,184 Simcoe ST
London East, ON N6B 1H9,184 Simcoe ST
London East, ON N6B 1H9,184 Simcoe ST
London East, ON N6B 1H9,184 Simcoe ST
London East, ON N6B 1H9,184 Simcoe ST
London East, ON N6B 1H9,184 Simcoe ST
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Mike Taylor

Mike Taylor

+1(705) 985-1110
$ 729,900
Est. payment | /mo

6 Beds

4 Baths

Save
$ 729,900
Est. payment | /mo
Save

6 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision East K

MLS Listing ID X12469490

Style 2-Storey

Bedrooms 6

Annual Tax Amount $3,445

Tax Year 2024

Property Sub-Type Fourplex

Property Description

Turnkey fourplex generating approximately $5,500 in gross monthly income, or about $66,000 annually. After mortgage, insurance, and utilities, the property maintains a net positive cash flow, offering an estimated return of over 7%. The building includes four fully renovated units, each with its own kitchen and bath. Unit #1 rents for $1,750/month and features 2 bedrooms, a living room, kitchen, and bath. Unit #2 rents for $1,050/month, Unit #3 for $1,332.50/month, and Unit #4 for $1,230/month - each with 1 bedroom, kitchen, and bath. Coin laundry adds an additional $150/month. This solid brick building sits on a deep lot with over 5 parking spaces and zoning potential for rear parking. It includes 5 total bedrooms, 4 full bathrooms, and 4 kitchens, with 4 separate hydro meters. Additional features include baseboard electric heating in all units, a coin-operated washer and dryer, and a dedicated storage and utility room. The property is fully tenanted and ready for immediate cash flow.

Location

Province ON

County Middlesex

Community East K

Area Middlesex

Rooms

Family Room No

Basement Finished

Kitchen 4

Separate Den/Office 1

Interior

Interior Features Carpet Free

Cooling Other

Fireplace No

Heat Source Electric

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 38.55

Lot Depth 197.74

Total Parking Spaces 5

Building

Foundation Concrete

Others

ParcelsYN No

Listed by COMFREE
Mike Taylor

We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.

+1(705) 985-1110

mike@ninemilerealty.ca

183 Bayfield St, Barrie, ON, L4M 3B4, CAN

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184 Simcoe ST