view of home's exterior with brick siding, a gambrel roof, and a shingled roof Features: central ac, fence More Photos

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    For Sale - 292 Simcoe Street, London East, Ontario

    Est payment $7,882/mo
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    Views   1
    Time on Jump  91 day

    AI Summary *

    • Incredible cap rate of 6.5% for solid investment potential.
    • Fully renovated 5-unit townhouse with modern amenities and appliances.
    • Low property taxes make it affordable for investors.
    • Ample parking space for up to 12 cars available.
    • Four out of five units are already rented for immediate cash flow.




    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.
    Listing IDX12381222
    Address292 Simcoe Street
    CityLondon East, Ontario
    Price$1,590,000
    Bed / Bath9 / 9 Full
    Style2-Storey, Multiplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features Water HeaterAmenities Hospital, Public Transit, SchoolOwnership FreeholdViews CityBasement Full, FinishedFoundation ConcreteHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

    Parking 12.00
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    Listing Agency:  CENTURY 21 FIRST CANADIAN CORP
    Hospital
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    Loading...
    292 Simcoe Street
    London East , Ontario
    9 9 $1,590,000
    Get more info