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.
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
- 76 days
- on Zillow |
- 11 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: May 21, 2025 at 01:35pm
Listed by:
CENTURY 21 FIRST CANADIAN CORP
Source: TRREB,MLS®#: X12163736
Originating 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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