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497 Simcoe Street

London, ON N6B 1K3
  • $999,999
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 40418266
$999,999
  • 4
    BEDS
  • < 0.5
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,009
    SQFT
  • $991
    $/SQFT
Neighbourhood:
East K
Type:
Single-Family Home
County:
Middlesex
Area:
East

Description

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

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The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the Information Technology Systems Ontario. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purposes or any other purpose. Data updated daily.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Data last updated: 2023-06-01T00:23:03.963.
www.foresthillcollingwood.com/homes/139721730
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497 Simcoe Street London, ON N6B 1K3

  • Price: $999,999
  • Status: Active
  • On Site: 12 Days
  • MLS #: 40418266
4
Beds
2
Baths
0
½ Baths
< 0.5
Acres
1,009
SQFT
$991
$/SQFT
Neighbourhood:
East K
County:
Middlesex
Area:
East
Property Description
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
Exterior Features

Acres Range < 0.5 Architectural Style Bungalow Attached Garage YN No Attached YN No Construction Materials Vinyl Siding Covered Spaces 4 Crops Included YN No Docking YN No Driveway Parking Private Drive Single Wide Foundation Details BlockConcrete Block Frontage Length 75.75 Garage YN Yes Lot Features UrbanAmple ParkingCity LotHospitalLibraryOpen SpacesParkPlace Of WorshipPlayground NearbyPublic ParkingPublic TransitQuiet AreaRegional MallSchool Bus RouteSchools Open Parking Spaces 4 Open Parking YN Yes Parking Features Detached Garage Property Attached Detached Roof Shingle Waterfront YN No

Interior Features

Above Grade Finished Area 1009.06 Appliances Water HeaterDryerRefrigeratorStoveWasher Basement PartialUnfinished Bathrooms Total 2 Beds Above Grade 4 Beds Below Grade 0 Cooling Central Air Cooling YN No Fireplace YN No Heating Forced AirNatural Gas Heating YN Yes Kitchens Total 2 Main Level Bedrooms 4 Room Count 16

Property Features

Assessment Year 2016 Association Fee2 Frequency Monthly Common Elements Fee YN No Common Interest Freehold/None Condo Corporation YN No Exclusions Tenant Belongings Inclusions DryerRefrigeratorStoveWasher Lot Depth 197 New Construction YN No Property Sub Type Single Family Residence Senior Community YN No Sewer Sewer (Municipal) Transaction Type Sale Water Source Municipal Zoning R2-2

Listing information © 2023 Information Technology Systems Ontario.
Listing provided courtesy of Dan Guindon of Keller Williams Lifestyles Realty, Brokerage.
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the Information Technology Systems Ontario. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purposes or any other purpose. Data updated daily.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Data last updated: 2023-06-01T00:23:03.963.
 
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Forest Hill Real Estate Collingwood
114 Ontario Street
Collingwood ON, L9Y 1M3