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For sale
  • C$1,690,000

    292 Simcoe St, London, ON N6B 1J5

    9beds
    9baths
    Multi Family
    Built in ----
    -- sqft lot
    $-- Zestimate®
    C$--/sqft
    C$-- HOA

    What's special

    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.
    76 days
    on Zillow
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    11
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    2
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    Zillow last checked: 7 hours ago

    Listing updated: May 21, 2025 at 01:35pm

    Listed by:

    CENTURY 21 FIRST CANADIAN CORP

    Source: TRREB,MLS®#: X12163736MLS LogoOriginating MLS®#: London and St. Thomas Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 9
    Heating
    • Baseboard, Electric
    Cooling
    • Wall Unit(s)
    Appliances
    • Included: Water Heater
    Features
    • Basement: Full,Finished
    • Has fireplace: No
    Interior area
    • Living area range: 700-1100 null

    Property

    Parking
    • Total spaces: 12
    • Parking features: Available
    Features
    • Stories: 2
    • Pool features: None
    • Has view: Yes
    • View description: City
    Lot
    • Size: 6,600 Square Feet
    • Features: Hospital, Public Transit, School, Rectangular Lot
    • Topography: Dry
    Details
    • Additional structures: Fence - Full, Shed
    • Parcel number: 083190039

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Concrete
    • Roof: Asphalt Shingle

    Utilities & green energy

    • Sewer: Sewer
    • Water: Water System

    Community & HOA

    Location
    • Region: London

    Financial & listing details

    • Tax assessed value: C$466,000
    • Date on market: 5/21/2025
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