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5 + 1
BEDROOMS4
BATHROOMS3 + 1
KITCHENS13 + 5
ROOMSX11992024
MLSIDContact Us
Property Description
Legal Rent increases due(+$100/m)** Well Managed, Turn key in Good repair! Brick building with 5 + parking, 4 Separate meters, Coin Washer & Dryer. Unit#1($1,640/m): Unit#2($1,050/m): Access through rear, main level door, 1 Bed, 4 pcs bath, renovated with pot lights & laminated floor. Unit#3($1,300/m): Access through rear main level door, use common area stair to second level, 1 Bed, 4 pcs bathroom , eat in kitchen, laminate flooring. Unit#4($1,230/m): Access through rear lower level door, 1 Bed+den, kitchen living combined, 4 pcs bathroom. Coin Laundry ($150/m): through rear lower Level door, Landlord pays electric meter for common area coin laundry, Storage & utility room. Deep Lot, Additional potential ZONING ALLOWS PARKING IN REAR. LIVE IN 2 Bdrm+1 with FRONT DOOR ACCESS TO MAIN LEVEL, 4PC BATH, RECENTLY RENOVATED WITH POT LIGHTS & LAMINATE FLOORING; Your Mortgage = $4112/m; Collect 3 rents = $3625/m Property taxes + $287/m, your Total monthly payment = $774/m with Minimum Down Payment! **EXTRAS** Any chattels remaining on the property not belonging to Tenants. LIVE IN THE VACANT FRONT UNIT AND HAVE THE OTHER 3 TENANTS PAY YOUR MORTGAGE.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-10-02 | 2025-01-11 | 101 | $825,900 | - | Terminated |
| 2023-12-22 | 2024-10-02 | 285 | $1,299,000 | - | Suspended |
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Property Details
Street
Community
City
Property Type
Fourplex, Backsplit 4
Approximate Sq.Ft.
3000-3500
Lot Size
39' x 198'
Lot Irregularities
DEEP LOT
Fronting
North
Taxes
$3,445 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Parking Spaces
8
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 1.05' x 14.63' |
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London Market Statistics
London Price Trend
184 Simcoe St is a 5-bedroom 4-bathroom home listed for sale at $777,000, which is $455,000 (36.9%) lower than the average sold price of $1,232,000 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 5 bedroom home in London increased by $332,675 (37.0%) compared to the previous 30 day period (December 22 - January 20) and up $838,846 (213.4%) from the same time one year ago.Inventory Change
There were 23 5-bedroom homes listed in London over the last 30 days (January 21 - February 19), which is up 64.3% compared with the previous 30 day period (December 22 - January 20) and up 666.7% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in London typically sold ($75,920) (6.2%) below asking price over the last 30 days (January 21 - February 19), which represents a $30,572 decrease compared to the previous 30 day period (December 22 - January 20) and ($8,083) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in London over the last 30 days (January 21 - February 19) stood at 21.7%, down from 57.1% over the previous 30 days (December 22 - January 20) and down from 50,200.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 4-bathroom home in London stood at 51 days when successfully sold over the last 30 days (January 21 - February 19), compared to 100 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 Millennium Inc.
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