Property Details
360 STRATTON DRIVE, London East (East H), Ontario, N5W4Z7
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 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. (id:2471)
PLATINUM KEY REALTY INC.
- 519-854-3920
- 519-264-1999
- thelandstras@platinumkey.ca
- Property Address: 360 STRATTON DRIVE, London East (East H), Ontario, N5W4Z7
- Community Name: East H
- Property Type: Multi-family
- Zoning Description: R8-1
- Lot Size: 75 x 125 FT
- Acreage: 75 x 125 FT
- Sewage Type: Sanitary sewer
- Water Type: Municipal water
- Driveway: Garage
- Total Parking Spaces: 5
- Maintenance Fee: 0.00
- Structure Style: Fourplex
- Storeys: 1
- Floor Space: 2500 - 3000 sqft
- Building Age: 51 to 99 years
- Bedrooms: 8
- Bathrooms: 4-Total
- Basement Type: Full
- Heating Type: Natural gas, Forced air
- Exterior Type: Brick
- Foundation Type: Concrete
| Type | Level | Dimensions |
|---|---|---|
| Living room | Main level | 4.67 m x 3.53 m |
| Kitchen | Main level | 4.14 m x 3.48 m |
| Primary Bedroom | Main level | 3.7 m x 3.48 m |
| Recreational, Games room | Main level | 5 m x 3.35 m |
Listing Office: RE/MAX CENTRE CITY REALTY INC.
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