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$689,900
Ontario,London East (East H)
For Sale Active
360 STRATTON DRIVE, London East (East H), Ontario N5W4Z7
  • 8
  • 4
  • 2500 - 3000Square Feet
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Basic Details
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 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:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X12676434
  • Price: $689,900
  • Bedrooms: 8
  • Bathrooms: 4
  • Square Footage: 2500 - 3000 Sqft
  • Status: Active
  • Office Name: RE/MAX CENTRE CITY REALTY INC.
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 47253
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: None
  • Basement: Finished, N/A
  • Parking: Detached Garage, Garage
  • Architectural Style: Bungalow
  • Exterior Features: Brick
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, London East (East H), N5W4Z7
  • Street: Stratton
  • Street Number: 360
  • Street Suffix: Drive
  • Longitude: W82° 49' 9.3''
  • Latitude: N43° 0' 3.4''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Size Dimensions: 75 x 125 FT
  • Stories: 1.0
Financial
  • Tax Annual Amount: 5867.39
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Listing updated: 2026-01-22 13:53:20
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Listing Information
  • List Agent Key: 1387266
  • List Office Key: 47253
  • Modification Timestamp: 2026-01-09T17:35:32Z
  • Originating System Name: London and St. Thomas Association of REALTORS®
  • Status Change Timestamp: 2026-01-09T17:22:44Z
Powered by REALTOR.ca
Listing updated: 2026-01-22 13:53:21
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