$599,900
Available - For Sale
Listing ID: X12930334
360 Stratton Drive , London East, N5W 4Z7, Middlesex
| 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. |
| Price | $599,900 |
| Taxes: | $5867.39 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 360 Stratton Drive , London East, N5W 4Z7, Middlesex |
| Postal Code: | N5W 4Z7 |
| Province/State: | Middlesex |
| Legal Description: | PLAN 879 LOT 14 PT LOT 15 |
| Directions/Cross Streets: | DUNDAS, EDMONTON |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 9354.00 |
| Total Area Code: | Square Feet |
| Washrooms: | 1 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | No |
$
%
Years
This calculator is for demonstration purposes only. Always consult a professional
financial advisor before making personal financial decisions.
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX CENTRE CITY REALTY INC. |
|
|
Lynn Tribbling
Sales Representative
Dir:
416-252-2221
Bus:
416-383-9525
| Book Showing | Email a Friend |
Jump To:
At a Glance:
| Type: | Com - Investment |
| Area: | Middlesex |
| Municipality: | London East |
| Neighbourhood: | East E |
| Tax: | $5,867.39 |
| Baths: | 1 |
| Fireplace: | N |
Locatin Map:
Payment Calculator:
