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292 SIMCOE STREET, London East (East K)
2025-09-04
Quick Summary
- Location
- 292 SIMCOE STREET, London East (East K), Ontario N6B1J5
- Price
- $1,590,000
- Status:
- For Sale
- Property Type:
- Multi-family
- Area:
- 700 - 1100 sqft
- Bedrooms:
- 9
- Bathrooms:
- 9
MLS®#X12381222
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. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Hospital, Public Transit, Schools
Building
- Appliances: Water Heater, Water meter, Dishwasher, Dryer, Range, Stove, Washer, Refrigerator
- Basement Development: Finished
- Basement Type: Full (Finished)
- Cooling Type: Wall unit
- Exterior Finish: Brick
- Fireplace: No
- Interior Size: 700 - 1100 sqft
- Building Type: Other
- Stories: 2
- Utility Water: Municipal water
Features
- Feature: Dry
Land
- Land Size: 40 x 165 FT
- Sewer: Sanitary sewer
Structure
- Structure: Shed
Zoning
- Description: R3-1
Information entered by CENTURY 21 FIRST CANADIAN CORP
Listing information last updated on: 2025-10-31 18:22:11
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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