Property Information:

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 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. One unit will be vacant by Jan 31st 2026 and new owner can set the rent. (id:27)

Building Features:

Style: Multiplex
Building Type: Fourplex
Architectural Style: Bungalow
Basement Development: Finished
Basement Type: N/A
Exterior Finish: Brick
Floor Space: 2500 - 3000 sqft
Foundation Type: Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None

Property Features:

Property Type: Multi-family
Bedrooms: 8
Bathrooms: 4
Floor Space (approx): 2500 - 3000 Square Feet
Irregular: Yes
Lot Depth: 125 Feet
Lot Frontage: 75 Feet
Lot Size: 75 x 125 FT
Zoning: R8-10
Sewer: Sanitary sewer
Parking Type: Detached garage, Garage
No. of Parking Spaces: 5

Rooms:

Living Main Level 4.61 m x 3.53 m
Kitchen Main Level 4.14 m x 3.48 m
Primary Bedroom Main Level 3.70 m x 3.48 m
Recreation Room Main Level 5.00 m x 3.35 m

Convert Measurement to:

Courtesy of: RE/MAX CENTRE CITY REALTY INC.

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Demographic Information of 360 STRATTON DRIVE, London East (East H), Ontario, N5W 4Z7

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$83,150.13

Average Number of Children

1.76

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

25.17 %

High school certificate or equivalent

33.22 %

Apprenticeship trade certificate/diploma

7.82 %

College/non-university certificate

21.02 %

University certificate (below bachelor)

0.17 %

University Degree

12.6 %

Commuter

Travel To Work

By Car

76.37 %

By Public Transit

10.57 %

By Walking

6.24 %

By Bicycle

1.78 %

By Other Methods

5.04 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

28.26 %

Houses

71.74 %

360 STRATTON DRIVE, London East (East H), Ontario, N5W 4Z7