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.
Details
X12930336
Detached/4
$599,900
Tenant
None
4 + 4
Bungalow
8
4
2500-3000 Sqft
N/A SquareFeet
N/A
Fourplex
Sale
Additional details
Forced Air / Gas
R8-10
$5867.39
2025
PLAN 879 LOT 14 PT LOT 15
N/A
N
Finished
None
Municipal
Rooms
Living Room
Main Level
3.53 x 4.61
Kitchen
Main Level
3.48 x 4.14
Primary Bedroom
Main Level
3.48 x 3.7
Recreation
Lower Level
3.35 x 5
Bedroom
Second Level
3.48 x 3.7
Schools Nearby
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Toronto · Ontario · Estimates only. Not financial or investment advice. Consult a licensed mortgage broker and accountant before making investment decisions.
FAQ
What is the total square footage of the X12930336 - 360 Stratton Drive, London East, ON N5W 4Z7?
The total square footage of this property is 2500-3000 SqFt.
What schools near to X12930336 - 360 Stratton Drive, London East, ON N5W 4Z7?