$379,000
$379,000
Duplex524 Simcoe Street, London East, ON
7 DAYSon market
5Bedrooms
3Bathrooms
0Garage
1500-2000Sq Ft


















































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Listed by EXP REALTY
Listed by EXP REALTY
Property Highlights
Parking
6 spaces
Property Tax
$2,431/yr
Age
100+ yrs
Lot Size
< .50 ac
Style
2-Storey
Basement
Walk-Up, Unfinished, Development Potential
Monthly Cost
$1,803/mo
About This Home
524 Simcoe Street offers a great opportunity for a mortgage helper (ideal for first time Buyers), investors, or multi-generational families to aquire a spacious detached up/down duplex! This property features a Main Level 3 Bedroom and 1 Bath unit accross the entire main floor w/ a large unfinished basement ideal for storage & an Upper Level 2 Bed and 1 Bath Unit. In total this property features nearly 1,900 sq ft of newly renovated main and upper levels and a very functional unfinished basement (replacement value to rebuild would be approximately $500,000). Each unit includes a full laundry set w/ washer and dryer.Ample upgrades to the property include stainless steel stove,fridge, and range hoods in both units; revitalized kitchen with new countertops and sink in Lower Unit w/ entirely new kitchen in the Upper Unit; Washrooms have newly retiled shower enclosures, new vanities, LED Mirrors, new energy efficient toilets,and shower heads; floors have been levelled and include luxury vinyl plank flooring throughout (carpet free duplex). The layout provides flexibility for those looking to live in one unit and rent out the other, or for family accross multiple generations looking to live under the same roof but with seperation between units. The large fenced backyard is ideal for families with kids and for pet owners. The spacious driveway features parking for up to six vehicles. The location situates the property near downtown, with direct access to public transit, close proximity to schools, and many amenities in the area. Seller open to rent one or more units for Closing; projected rents are $1900/mo for Main Level Unit & $1250/mo for Upper Level Unit inclusive of utilties (or $1750/mo for Main Level Unit & $1100/mo for Upper Level Unit with tenants paying all utilities in additional to monthly rents).
Monthly Cost
Monthly Mortgage$1,600
Property Tax ($2,431/yr)$203
Total$1,803
Price & Listing History
Schools
Location
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Rooms
Main Level
Bedroom 3: 2.39m × 2.86m
Kitchen: 3.41m × 4.29m
Bathroom: 1.82m × 2.47m
Bathroom: 1.68m × 2.16m
Family Room: 3.56m × 3.26m
Bedroom 2: 2.88m × 3.50m
Primary Bedroom: 3.67m × 3.53m
Living Room: 4.20m × 3.48m
Upper Level
Kitchen: 2.99m × 3.45m
Bedroom: 2.89m × 2.29m
Bedroom 2: 3.05m × 3.27m
Primary Bedroom: 3.05m × 3.73m
Basement Level
Laundry: 4.74m × 3.32m
Other: 2.28m × 4.17m
Other: 2.67m × 4.76m
Main Level
Bedroom 3: 2.39m × 2.86m
Kitchen: 3.41m × 4.29m
Bathroom: 1.82m × 2.47m
Bathroom: 1.68m × 2.16m
Family Room: 3.56m × 3.26m
Bedroom 2: 2.88m × 3.50m
Primary Bedroom: 3.67m × 3.53m
Living Room: 4.20m × 3.48m
Upper Level
Kitchen: 2.99m × 3.45m
Bedroom: 2.89m × 2.29m
Bedroom 2: 3.05m × 3.27m
Primary Bedroom: 3.05m × 3.73m
Basement Level
Laundry: 4.74m × 3.32m
Other: 2.28m × 4.17m
Other: 2.67m × 4.76m
