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184 SIMCOE STREET, London East (East K), Ontario, N6B 1H9

MLS® # X12469490
Investment For Sale In Central London, London East (East K), Ontario
$712,900
184 Simcoe Street, London East (East K), ON - Outdoor
184 Simcoe Street, London East (East K), ON - Outdoor
184 Simcoe Street, London East (East K), ON - Outdoor
184 Simcoe Street, London East (East K), ON - Indoor
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Dining Room
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Kitchen
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Kitchen
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Living Room
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Bedroom
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Bathroom
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Office
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Bedroom
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Bathroom
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Other Room
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Kitchen With Double Sink
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Kitchen With Double Sink
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Kitchen With Double Sink
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Living Room
184 Simcoe Street, London East (East K), ON - Indoor
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Bedroom
184 Simcoe Street, London East (East K), ON - Indoor
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Other Room
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Kitchen With Double Sink
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Bathroom
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Bedroom
184 Simcoe Street, London East (East K), ON - Other
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Other Room
184 Simcoe Street, London East (East K), ON - Indoor
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Kitchen
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Bedroom
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Bathroom
184 Simcoe Street, London East (East K), ON - Outdoor
184 Simcoe Street, London East (East K), ON - Outdoor With Exterior
184 Simcoe Street, London East (East K), ON - Outdoor
184 Simcoe Street, London East (East K), ON - Outdoor
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Laundry Room
184 Simcoe Street, London East (East K), ON - Outdoor
184 Simcoe Street, London East (East K), ON - Outdoor
184 Simcoe Street, London East (East K), ON - Outdoor
184 Simcoe Street, London East (East K), ON - Indoor
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Dining Room
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Kitchen
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Kitchen
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Living Room
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Bedroom
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Bathroom
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Office
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Bedroom
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Bathroom
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Other Room
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Kitchen With Double Sink
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Kitchen With Double Sink
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Kitchen With Double Sink
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Living Room
184 Simcoe Street, London East (East K), ON - Indoor
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Bedroom
184 Simcoe Street, London East (East K), ON - Indoor
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Other Room
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Kitchen With Double Sink
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Bathroom
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Bedroom
184 Simcoe Street, London East (East K), ON - Other
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Other Room
184 Simcoe Street, London East (East K), ON - Indoor
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Kitchen
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Bedroom
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Bathroom
184 Simcoe Street, London East (East K), ON - Outdoor
184 Simcoe Street, London East (East K), ON - Outdoor With Exterior
184 Simcoe Street, London East (East K), ON - Outdoor
184 Simcoe Street, London East (East K), ON - Outdoor
184 Simcoe Street, London East (East K), ON - Indoor Photo Showing Laundry Room
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MULTIMEDIA

184 SIMCOE STREET, London East (East K), Ontario, N6B 1H9
$712,900

Property Information:

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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Fourplex
  • Basement Development: Finished
  • Basement Type: N/A
  • Exterior Finish: Brick
  • Floor Space: 2000 - 2500 sqft
  • Foundation Type: Concrete
  • Heating Type: Baseboard heaters
  • Heating Fuel: Electric
  • Appliances: Dryer, Stove, Washer, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 5+1
  • Bathrooms: 4
  • Features: Carpet Free
  • Floor Space (approx): 2000 - 2500 Square Feet
  • Irregular: Yes
  • Lot Depth: 197.7 Feet
  • Lot Frontage: 38.6 Feet
  • Lot Size: 38.6 x 197.7 FT
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 5

Courtesy of: COMFREE

REALTOR.ca  

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Sales/Price History

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Market Price Trends

All Properties

2.81%

Price change (1 year)

35.16%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 184 SIMCOE STREET, London East (East K), Ontario, N6B 1H9

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

35 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

35 hot days expected in 2050

55/100

Moderate

ClimateCheck®

Current data

This property, 184 SIMCOE STREET , experiences 7 hot days per year at around 31 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 35 hot days at 34.5 degrees Celsius.

Projected Avg. Temperature

Past
31℃
2050
34.5℃

# Hot Days Per Year

Past
7
2050
35

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 184 SIMCOE STREET , experiences 11 significant 2-day storms per year, with about 328.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 404.2mm of precipitation per year.

Precipitation Per Storm

Past
328.5mm
2050
404.2mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 184 SIMCOE STREET, London East (East K), Ontario, N6B 1H9

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$102,931.17

Average Number of Children

1.41

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

8.54 %

High school certificate or equivalent

25.38 %

Apprenticeship trade certificate/diploma

4.08 %

College/non-university certificate

21.27 %

University certificate (below bachelor)

2.43 %

University Degree

38.31 %

Commuter

Travel To Work

By Car

71.37 %

By Public Transit

8.8 %

By Walking

13.35 %

By Bicycle

0.97 %

By Other Methods

5.51 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

86.59 %

Houses

13.41 %

Own Vs. Rent

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