Main
About
Services
Latest Article
Property Valuation Tracking for Your Ontario Home Value
Read more
Saad Saleem Tabani
Broker of Record & Home Developer

Meet Saad Saleem Tabani

With over a decade of experience in the Canadian housing market and leading many residential development projects. At Bridge we have honed our skills to provide you with a results-driven real estate experience. We build homes, help families Bridge into their next home and navigate complex real estate trends. Learn more

184 Simcoe Street London, Ontario N6B1H9

Google Maps
6
Beds
4
Baths
$777,000
Active Fourplex

Property Details

Listed Date: February 27, 2025
Bedrooms: 6
Bathrooms: 4
City: London
Neighbourhood: Old East Village
Province: Ontario
Postal Code: N6B1H9

Property Features & Amenities

Above ground pool Air exchanger Alarm system All Aluminum siding Atrium/Sunroom Attached Garage Backs on greenbelt Balcony Barbeque

Area Features & Amenities

Proximity to downtown amenities Access to public transportation Vibrant local arts scene Restaurants Parks Shopping centers Schools

Rooms

RoomLevelDimensions
KitchenMain level4.46 x 0.324

Cultural & Historical Insights

Feng Shui

The property faces north, which is believed to attract prosperity and stability.

Numerology

The address number 184 breaks down to 1+8+4=13, and further to 1+3=4, which signifies stability and a strong foundation.

Historical Facts

  • The neighborhood has a rich history dating back to the early 1800s, reflecting London’s development as a key urban center.
  • Many buildings in the area showcase Victorian architectural styles, highlighting the city's heritage.

Community Character

The community is diverse and vibrant, with a mix of young professionals, families, and long-time residents, fostering a friendly and inclusive atmosphere.

Access to public transportation in 184 Simcoe, London

Discover Your Dream Investment: Property for Sale in London

Welcome to an incredible opportunity! This well-managed, turn-key property for sale in London is your gateway to a lucrative investment. Priced at an attractive $777,000, this brick building boasts six spacious bedrooms and four bathrooms, making it a versatile choice for both investors and families alike. Whether you’re looking to live in one unit and rent out the others or create a full-scale rental operation, this property offers endless possibilities.

Featuring four separate meters and on-site coin-operated laundry, the property is designed for efficiency and ease of management. Unit #1, a charming 1-bedroom plus den, commands a rental income of $1,750 per month. Units #2 and #3, each with their own separate entrances, provide cozy 1-bedroom accommodations at $1,050 and $1,332 per month, respectively. Finally, Unit #4, which includes a den, rounds out the offering with a rental rate of $1,230. With a total rental income of $3,762 per month, this property creates a positive cash flow of $1,362.10 monthly after accounting for mortgage, insurance, and utilities!

A Prime Location with Additional Potential

The deep lot allows for additional zoning potential, making it easier to expand or enhance your investment opportunities. With five parking spaces available, tenants will appreciate the convenience of easy access, which can be a significant draw in any rental market. The property is equipped with baseboard heaters and electric heating, ensuring comfort throughout the seasons. Plus, you’ll find a washer and dryer on-site for added tenant convenience.

Situated in a desirable neighborhood of London, this property is surrounded by essential amenities, including shopping, dining, parks, and schools, making it an attractive location for families and professionals alike. The community atmosphere combined with easy access to major routes ensures that tenants will appreciate the convenience and lifestyle this area has to offer.

This property for sale in London represents an exceptional investment opportunity or a perfect family home. With vendor financing available at a low 6.5% interest rate, your monthly payments can be incredibly manageable. Imagine living in the vacant front unit while collecting rent from the other three units, allowing you to offset your living expenses significantly. Don’t miss out on this unique chance—schedule a viewing today and start envisioning the possibilities that await you!

Newest Listings in Ontario

Explore the Latest Properties for Sale

Browse Ontario's newest real estate listings, from modern condos to spacious family homes. Find the perfect property in top cities and growing communities today!