35
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$729,900
Est. payment /mo
6 Beds
4 Baths
Active
184 Simcoe ST Middlesex, ON N6B 1H9
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision East K
MLS Listing ID X12469490
Style 2-Storey
Bedrooms 6
Annual Tax Amount $3,445
Tax Year 2024
Property Sub-Type Fourplex
Property Description
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 7%. 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.
Location
Province ON
County Middlesex
Community East K
Area Middlesex
Rooms
Family Room No
Basement Finished
Kitchen 4
Separate Den/Office 1
Interior
Interior Features Carpet Free
Cooling Other
Fireplace No
Heat Source Electric
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 38.55
Lot Depth 197.74
Total Parking Spaces 5
Building
Foundation Concrete
Others
ParcelsYN No
Listed by COMFREE
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