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About the Listing 795300 -
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.
Listing Highlights
Status
Active
Days on Site
7
Property Type
Multi-Family
MLS ®
X12676434
Year Built
Total Square Footage
2,500
Lot/Acreage
N/A
Interior Details
- Bedrooms: 8
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished
- Other:
- Water:
Exterior Details
- Garage Capacity: 1 car
- Roof: Shingles
- Others:
- Sewer: Sewer
- Parking Features: Detached
Financial Details
- Tax Amount: $5,867
- Taxes w/Assessments: N/A
- Tax/Property ID: 081140103
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
360 Stratton Dr London, ON N5W 4Z7
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