184 Simcoe Street, London East, Ontario N6B 1H9 is For Sale and has a listing price of 729,900. The property is located in the London East . It's been on the website for 1 Day.
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.
| List Date | MLS ID | List Price | Status | End Date | Closed Price |
|---|---|---|---|---|---|
| 10/17/2025 | X12469490 | $729,900 | For Sale | - | - |
| 05/13/2025 | X12145406 | $744,900 | Withdrawn | 07/09/2025 | - |
| 03/20/2025 | X12032027 | $1,675 | For Lease | 05/13/2025 | - |
| 02/27/2025 | X11992024 | $764,900 | For Sale | 05/13/2025 | - |
