360 Stratton Drive London East, Ontario N5W 4Z7
$599,900
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. (id:28006)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X12930334 |
| Property Type | Multi-family |
| Community Name | East E |
| Parking Space Total | 4 |
Building
| Bathroom Total | 1 |
| Bedrooms Total | 8 |
| Cooling Type | None |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 9354 Sqft |
| Size Interior | 9,354 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 125 Ft |
| Size Frontage | 75 Ft |
| Size Irregular | Bldg=75 X 125 Ft |
| Size Total Text | Bldg=75 X 125 Ft |
| Zoning Description | R8-10 |
https://www.realtor.ca/real-estate/29527035/360-stratton-drive-london-east-east-e-east-e
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March 27 2026 08:22:52
London and St. Thomas Association of REALTORS®
RE/MAX Centre City Realty Inc.