$729,900
6 bd • 4 ba • 2000 sf • Multifamily
184 Simcoe Street
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$729,900
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184 Simcoe StreetLondon, ON, N6B 1H9

Central London
  • 6 Bed
  • 4 Bath
  • 2000 Sqft
  • Multifamily

About this home

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. (id:32586)
Listed by: Erin Holowach, Salesperson, COMFREE

Home facts and features

Price details
List Price
$729,900
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Home facts
Bedrooms
6
Full Bathrooms
4
Property Type
Multifamily
Lot Size
38 ft x 197 ft (7632 ft²)
Depth
197 ft ,8 in
Frontage
38 ft ,7 in
Exterior Finish
Brick
Heating Type
Baseboard heaters
Community
Agent details
Primary Agent
Erin Holowach
Primary Broker
COMFREE
Listing details
Days on REW
5 Days
MLS® Number
X12469490
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board

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Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
4.09%

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Property Insights

St. John French Immersion School
  • Catholic
  • JK - 8
London South Collegiate Institute
  • Public
  • 9 - 12
Tecumseh Public School
  • Public
  • JK - 8
St Martin School
  • Catholic
  • JK - 8
Catholic Central High School
  • Catholic
  • 9 - 12
London Central Secondary School
  • Public
  • 9 - 12
Wortley Road Public School
  • Public
  • JK - 8
Aberdeen Public School
  • Public
  • JK - 8
Victoria Public School
  • Public
  • JK - 8
H B Beal Secondary School
  • Public
  • 9 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Listing data was last updated on 2025-10-23.
Call Agent
Salesperson
Erin Holowach
Phone:
(877) 297-1188
Office:
(877) 297-1188
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