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$759,999
Available - For Sale
Listing ID: X12319665
This solid brick 4 plex needs updates, renos 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 buyers can view one unit , and have a condition in the offer to purchase subject to inspection of other units. The subject property is built as a one-storey fourplex\( quad style\). A $50,000 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 were newer improvements along with various windows, along with two of the four furnaces. The property has 3 drivewasys 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 $759,999
Taxes: $5,867.39
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Tenant
Address: 360 Stratton Driv , London East, N5W 4Z7, Middlesex
Postal Code: N5W 4Z7
Province/State: Middlesex
Legal Description: PLAN879, LOT 14 AND PART LOT 15
Directions/Cross Streets: EDMONTON AND DUNDAS
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  0
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Category: Apartment
Building Percentage: T
Total Area: 9,354
Total Area Code:  Square Feet
Approximatly Age: 51-99
Financial Statement: F
Maintenance: 0
Heat Type: Gas Forced Air Close
Central Air Conditioning: No
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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    TDS: %
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CMHC/GE $ $ $ $
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Total Payment $ $ $ $
Income Required $ $ $ $

This chart 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.

360 Stratton Driv , London East, N5W 4Z7, Middlesex


 
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At a Glance:
Type: Com - Investment
Area: Middlesex
Municipality: London East
Neighbourhood: East H
Style:
Lot Size: x 125.00(Feet)
Approximate Age: 51-99
Tax: $5,867.39
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
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