228 BURNSIDE DRIVE, London East (East I), Ontario, N5V1B9
MLS: X12823036 | Multi-Family
$1,199,900
Property Description
A great "Turn Key" investment opportunity located on a desirable quiet residential street. This income property has an annual gross income of $61,402.38. The building structure is 3 levels with 3 rental units with a 4th rental unit in the double garage which has been converted to a one bedroom apartment. Numerous updates throughout. Updated metal roof, windows, copper plumbing, coin-op washer & dryer. Separate storage rooms and large garden shed. Separate hydro meters, 4 fridges & 4 stoves, 1 dishwasher, lots of parking. Upper 3 bedroom unit rents for $2000 + hydro, main floor 3 bedroom unit rents for $1,362.66 + hydro, lower 2 bedroom unit rents for $927.64. + hydro, 1 bedroom garage unit rents for $845.69. including hydro. Numerous upgrades: newer pavement on driveway, first floor renovated bathroom and dishwasher installed. Second floor newer flooring, paint and updated bathroom. Newer eave though and shed. Newer air conditioning and furnace ( 2023). This property is in excellent condition inside and out and fully rented with good tenants. A "Must See" worthwhile investment. (id:64974)
Quick Facts
- Property Type: Multi-Family
- Bedrooms: 9
- Bathrooms: None
- Living Area: 3,944 sq ft (366.4 m²)
- Attached: Yes
- Parking: 6 spaces
- Frontage: 60 ft (18.3 m)
Costs
- Annual Taxes: $7,026.36 (2026)
Listing Provided by: SUTTON - JIE DAN REALTY BROKERAGE
Board: London and St. Thomas Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Forced air, Natural gas
- Cooling: Fully air conditioned
- Appliances: Washer, Dryer
Exterior & Construction
- Water: Municipal water
Lot & Land
- Frontage: 60 ft (18.3 m)
- Zoning: R2-2
Community & Neighbourhood
- Neighbourhood: East I
Listing Information
Listing History
Buy/Sell/Terminated/Expired listing history for 228 BURNSIDE DRIVE, London East (East I), Ontario, N5V1B9
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