ranch-style house featuring brick siding Features: fence More Photos

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    For Sale - 360 Stratton Drive, London East, Ontario

    Est payment $2,881/mo
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    Time on Jump  4 day

    AI Summary *

    • Solid brick fourplex needs updates and renovations, great investment opportunity.
    • Current rents are below market, potential for increase with improvements.
    • Each unit features two bedrooms and full baths for tenant comfort.
    • Includes partially finished basements with laundry and recreation area.
    • Convenient parking with two driveways and a single garage.




    Attention to all investors! This solid brick 4 plex needs updates, renovations, and refurbishment. It is sold as is, where it is, with no guarantees or warranties. Present rents are way below the current rental market, due to long-term tenants. The subject property is built as a one-storey fourplex (quad style). A $20,000 deposit is required with an offer to purchase. Each unit is configured with a living room, dining room, kitchen, two beds, and a four-piece bath, along with full, partially finished basement levels. The basement levels include laundry, mechanical, and recreation room areas. All measurements are approximate, to be verified by the buyer. The kitchen and bathrooms are original, along with the original hardwood flooring, and cosmetically dated, and average or below average overall condition. The roof shingles are newer improvements along with various windows, and two of the four furnaces. The property has 2 driveways and a single garage. The tenants are long-term with per unit rents reported at $720, $720, $750, and $750, combining to $2940 monthly and $35,280 annually, with the tenants responsible for all utilities except the hot water heater. These rents were indicative of long-term tenancies.
    Listing IDX12930334
    Address360 Stratton Drive
    CityLondon East, Ontario
    Price$599,900
    Bed / Bath8 / 1 Full
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Gas Forced Air ClosedHeating Fuel Gas

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    Listing Agency:  RE/MAX CENTRE CITY REALTY INC.

    * Data is provided courtesy of PROPTX. 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 purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    360 Stratton Drive
    London East , Ontario
    8 1 $599,900
    Get more info