497 Simcoe Street London, Ontario N6B 1K3
$999,999
Attention investors! Here's your chance to own not just one, but two properties in the sought-after Soho neighbourhood. This property offers a rare opportunity for any business owner looking to operate from a large 4-bay garage at the back of the property while generating rental income from the other two properties. The first property is currently vacant, featuring 2 bedrooms and 1 bathroom with fresh paint and recent renovations. Tons of room for storage in the basement. The second property features 2 bedrooms, 1 bathroom, with high ceilings throughout & an open-concept living space. Currently tenanted on a month to month lease paying $1,750. The fenced backyard provides privacy and the perfect space to relax. This property also offers a large 53 ft x 27.5 ft 4 bay garage in the back currently leased for $3,700 on month to month term. Tons of parking in back provided and the potential to finish off the upstairs of the garage for great office spaces. PLEASE SEE REFERENCE TO 501 SIMCOE ST. MLS:40418270 FOR ADDITIONAL PROPERTY LOCATED DIRECTLY BESIDE AVAILABLE FOR PURCHASE (id:19173)
Property Details
| MLS® Number | 40423271 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Park, Place Of Worship, Playground, Public Transit, Schools |
| Community Features | Quiet Area, School Bus |
| Features | Park/reserve |
Building
| Bathroom Total | 2 |
| Bedrooms Total | 4 |
| Appliances | Dryer, Refrigerator, Stove, Washer |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Vinyl Siding |
| Fire Protection | None |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 1009.0600 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Acreage | No |
| Land Amenities | Hospital, Park, Place Of Worship, Playground, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 197 Ft |
| Size Frontage | 76 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R2-2 |
https://www.realtor.ca/real-estate/25608185/497-simcoe-street-london
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May 19 2023 05:39:47
London and St. Thomas Association of REALTORS®
Keller Williams Lifestyles Realty, Brokerage