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4 + 1
BEDROOMS4
BATHROOMS3 + 1
KITCHENS13 + 5
ROOMSX9379118
MLSIDContact Us
Property Description
**Seller willing to Hold Financing!** 1st mortgage @6%/yr**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): Front door access on Main level, 1+1 bed, 4 pcs bath, recently renovated, Pot Lights , laminate flooring. 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. All units heated by baseboard electric. Deep lot for additional potential. R3-1 Zoning allows Fourplex. This property currently ***Under Power of Sale*** Buyer will complete their own due diligence, accept the property as is. Seller cannot offer any warranties. NET INCOME $55,759 (buyer to verify)
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-12-22 | 2024-10-02 | 285 | $1,299,000 | - | Suspended |
Extras
Any chattels remaining on the property not belonging to Tenants
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Property Details
Street
Community
City
Property Type
Fourplex, 2-Storey
Approximate Sq.Ft.
3000-3500
Lot Size
39' x 198'
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
4
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 10.63' x 14.63' |
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London Market Statistics
London Price Trend
184 Simcoe St is a 4-bedroom 4-bathroom home listed for sale at $825,900, which is $57,074 (6.5%) lower than the average sold price of $882,974 in the last 30 days (October 22 - November 20). During the last 30 days the average sold price for a 4 bedroom home in London increased by $4,873 (0.6%) compared to the previous 30 day period (September 22 - October 21) and down $178,526 (16.8%) from the same time one year ago.Inventory Change
There were 143 4-bedroom homes listed in London over the last 30 days (October 22 - November 20), which is down 1.4% compared with the previous 30 day period (September 22 - October 21) and up 741.2% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($25,818) (2.9%) below asking price over the last 30 days (October 22 - November 20), which represents a $4,415 decrease compared to the previous 30 day period (September 22 - October 21) and ($14,450) 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 4-bedroom homes in London over the last 30 days (October 22 - November 20) stood at 63.6%, up from 42.8% over the previous 30 days (September 22 - October 21) and up from 23.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom home in London stood at 31 days when successfully sold over the last 30 days (October 22 - November 20), compared to 69 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 Millennium Inc.
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Legal 4-Plex!! Pride of ownership inside and outside. Updated throughout. 2017 metal roof/cement walkway and parking lot/updated electrical with 4 tenant panels/updated plumbing/windows/attic insulation. New furnace in 2018. Coin-op washer/dryer 3 yr old. Kitchens/bathrooms/appliances and flooring all updated. Quality investment property in great location. Unit 1-1 Bed at $1,210/month. Unit 2-1 Bed at $1,173.62/month. Unit 3-Bach at $990/month. Unit 4-Bach at $990/month plus approx. $125/month for laundry. Worry free investment with very little work. 24 hour notice a must for viewing.
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