4615 Oil Springs Line Oil Springs, Ontario N0N 1P0
$499,900
Excellent investment opportunity at 4615 Oil Springs Line in the historic community of Oil Springs. This fully rented fourplex offers immediate income and four self-contained residential units, with the added confidence of appropriate zoning, completed permits, and full compliance.The current unit mix includes Unit A - 3 bedrooms at $1,725/month; Unit B - 1 bedroom at $1,195/month; Unit C - 2 bedrooms at $1,390/month; and Unit D - 2 bedrooms at $1,390/month, for a total current gross rental income of $5,700 per month or $68,400 annually.The building is separately metered, with each tenant responsible for their own gas and hydro, which helps keep ownership expenses straightforward. The owner currently pays only for water, insurance, grass cutting and snow removal.Located approximately 15 minutes from Petrolia, 30 minutes from Sarnia, and one hour from London, this property offers investors the opportunity to acquire an established, fully occupied multi-residential property with income in place from day one. Whether you're expanding an existing portfolio or entering the multi-unit market, 4615 Oil Springs Line is a turnkey investment worth considering. (id:28006)
Property Details
| MLS® Number | X13814654 |
| Property Type | Multi-family |
| Community Name | Oil Springs |
| Parking Space Total | 4 |
| Structure | Shed |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 7 |
| Bedrooms Total | 7 |
| Age | 100+ Years |
| Amenities | Separate Heating Controls, Separate Electricity Meters |
| Basement Type | Crawl Space |
| Cooling Type | None |
| Exterior Finish | Aluminum Siding, Shingles |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2,500 - 3,000 Ft2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| Detached Garage | |
| Garage |
Land
| Acreage | No |
| Fence Type | Partially Fenced |
| Sewer | Sanitary Sewer |
| Size Depth | 125 Ft |
| Size Frontage | 74 Ft |
| Size Irregular | 74 X 125 Ft ; 119.04 X 73.08 X 119.17 X 73.08 |
| Size Total Text | 74 X 125 Ft ; 119.04 X 73.08 X 119.17 X 73.08 |
| Zoning Description | Rm |
Utilities
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/30312141/4615-oil-springs-line-oil-springs-oil-springs
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September 22 2026 05:21:32
London and St. Thomas Association of REALTORS®
Royal LePage Triland Realty