REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,590,000
Est. payment /mo
Active
292 Simcoe ST London East, ON N6B 1J5
9 Beds
9 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700-1100
Subdivision East K
MLS Listing ID X12381222
Style 2-Storey
Bedrooms 9
Tax Year 2025
Property Sub-Type Multiplex
Property 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.
Location
Province ON
County Middlesex
Community East K
Area Middlesex
Zoning R3-1
Rooms
Basement Full, Finished
Kitchen 5
Interior
Interior Features Water Heater
Cooling Wall Unit(s)
Inclusions 5 washer, 5 dryer, 5 dishwasher, 5 stove, 5 range top, 5 fridge, rear shed and all existing light fixtures.
Exterior
Parking Features None
Pool None
View City
Roof Type Asphalt Shingle
Total Parking Spaces 12
Building
Building Age 51-99
Foundation Concrete
Lited by CENTURY 21 FIRST CANADIAN CORP