Address
448-450 Simcoe Street, London, ON
Price
$ 899,900
Property Attributes
  • ID#40519268
  • TypeMulti-Family
  • CityLondon
  • AreaLondon and St Thomas
  • NeighbourhoodCentral London
  • Postal CodeN6B 1K2
  • Style
  • Price$ 899,900
  • Bedrooms8
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3065
Data Source:
RLP - CREA EN
Property Description

Opportunity here to own an income producing building with a good upside. Up to date City License and Fire Inspection was done in 2021. Current owners paying Exclusive Rentals for management but could be self managed. Laundry in common area in lower level and could be changed to coin laundry. Lots of room in the storage area, the lot is almost 200 feet deep and may allow for an auxiliary building. Ample parking, two garages, one rented for $100 / month. Three units currently rented, 448 will start their lease January 1, 2024. Over last 5 years the roof, extra insulation in basement and attic, newer siding, windows and plumbing have been upgraded.

General Features

Zoning R3-1
Garage yes
Terms SALE
Parking yes
Inclusions Other
Parking Spaces 10

Interior Features

Bedrooms 8
Beds 8

Exterior Features

Lot Frontage 60.15

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in N6B 1K2

Price
AVG $900K
$900K
Visits
AVG 88
87
Data Provided by Inside Real Estate®
Year Built
AVG 1913
1913