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$712,900
Available - For Sale
Listing ID: X12469490
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 9%. 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.
Price $712,900
Taxes: $3,445
Occupancy by: Tenant
Address: 184 Simcoe Street , London East, N6B 1H9, Middlesex
Directions/Cross Streets: Richmond St. and Simcoe St.
Rooms: 13
Rooms +: 5
Bedrooms: 5
Bedrooms +: 1
Washrooms: 4
Family Room: F
Basement: Finished
No. of Pieces Level
Washroom 1:  3
Washroom 2:  3
Washroom 3:  3
Washroom 4:  3
Washroom 5:  0
Washroom 6:  3
Washroom 7:  3
Washroom 8:  3
Washroom 9:  3
Washroom 10:  0
Washroom 11:  3
Washroom 12:  3
Washroom 13:  3
Washroom 14:  3
Washroom 15:  0
Washroom 16:  3
Washroom 17:  3
Washroom 18:  3
Washroom 19:  3
Washroom 20:  0
Washroom 21:  3
Washroom 22:  3
Washroom 23:  3
Washroom 24:  3
Washroom 25:  0
Washroom 26:  3
Washroom 27:  3
Washroom 28:  3
Washroom 29:  3
Washroom 30:  0
Washroom 31:  3
Washroom 32:  3
Washroom 33:  3
Washroom 34:  3
Washroom 35:  0
Washroom 36:  3
Washroom 37:  3
Washroom 38:  3
Washroom 39:  3
Washroom 40:  0
Property Type: Fourplex
Style: 2-Storey
Exterior: Brick
Garage Type: None
Drive Parking Spaces: 5
Pool: None
Approximatly Square Footage: 2000-2500
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Baseboard
Central Air Conditioning: Other
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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CMHC/GE $ $ $ $
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Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
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184 Simcoe Street , London East, N6B 1H9, Middlesex

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Fourplex
Area: Middlesex
Municipality: London East
Neighbourhood: East K
Style: 2-Storey
Lot Size: x 197.74(Feet)
Approximate Age:
Tax: $3,445
Maintenance Fee: $0
Beds: 5+1
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
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Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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