24
See all 24 photos
$689,900
Est. payment /mo
8 Beds
4 Baths
New
360 Stratton DR London East, ON N5W 4Z7
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision East H
MLS Listing ID X12676434
Style Bungalow
Bedrooms 8
Annual Tax Amount $5,867
Tax Year 2025
Property Sub-Type Fourplex
Property Description
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 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 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.
Location
Province ON
County Middlesex
Area Middlesex
Rooms
Family Room Yes
Basement Finished
Kitchen 4
Interior
Interior Features Other
Cooling None
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 1.0
Pool None
Roof Type Shingles
Lot Frontage 75.0
Lot Depth 125.0
Total Parking Spaces 5
Building
Foundation Concrete
Others
ParcelsYN No
Listed by RE/MAX CENTRE CITY REALTY INC.
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