228 BURNSIDE DRIVE
London East (East I), Ontario
MLS® X12823036
$1,199,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X12823036
- Bedrooms
- 9
- Bathrooms
- —
- Year built
- —
1 / 16Listing 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.
Property summary
- MLS® number
- X12823036
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 3,944 sq ft
- Land size
- 60 x 155 FT
- Annual property taxes
- $7,026.36
- Parking
- 6 spaces
- Days on market
- 181 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Appliances
- Washer, Dryer
What would this home cost you?
Based on the $1,199,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of SUTTON - JIE DAN REALTY BROKERAGE, LONDON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.