ON > London East > East H
London East, ON N5W 4Z7,360 Stratton DR
London East, ON N5W 4Z7,360 Stratton DR
London East, ON N5W 4Z7,360 Stratton DR
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$759,999
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9,354 SqFt
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360 Stratton DR London East, ON N5W 4Z7

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 9,354 sqft

Price per Sqft $81

Subdivision East H

MLS Listing ID X12319665

Building Age 51-99

Annual Tax Amount $5,867

Tax Year 2025

Property Sub-Type Investment

Property Description

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.

Location

Province ON

County Middlesex

Community East H

Area Middlesex

Interior

Cooling No

Exterior

Utilities Available Yes

Lot Frontage 75.0

Lot Depth 125.0

Listed by RE/MAX CENTRE CITY REALTY INC.
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Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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360 Stratton DR

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