4615 OIL SPRINGS LINE
Oil Springs, Ontario
MLS® X13814654
$499,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13814654
- Bedrooms
- 7
- Bathrooms
- 4
- Year built
- —
1 / 27Listing description
Excellent investment opportunity at 4615 Oil Springs Line in the historic community of Oil Springs. This fully rented fourplex offers immediate income and four self-contained residential units, with the added confidence of appropriate zoning, completed permits, and full compliance. The current unit mix includes Unit A - 3 bedrooms at $1,725/month; Unit B - 1 bedroom at $1,195/month; Unit C - 2 bedrooms at $1,390/month; and Unit D - 2 bedrooms at $1,390/month, for a total current gross rental income of $5,700 per month or $68,400 annually.
The building is separately metered, with each tenant responsible for their own gas and hydro, which helps keep ownership expenses straightforward. The owner currently pays only for water, insurance, grass cutting and snow removal. Located approximately 15 minutes from Petrolia, 30 minutes from Sarnia, and one hour from London, this property offers investors the opportunity to acquire an established, fully occupied multi-residential property with income in place from day one.
Whether you're expanding an existing portfolio or entering the multi-unit market, 4615 Oil Springs Line is a turnkey investment worth considering.
Property summary
- MLS® number
- X13814654
- Property type
- Multi-family
- Building type
- Fourplex
- Land size
- 74 x 125 FT ; 119.04 x 73.08 x 119.17 x 73.08
- Annual property taxes
- $1,900.00
- Parking
- 4 spaces · Detached Garage, Garage
- Days on market
- 6 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- None
- Basement
- Crawl space
- Exterior features
- Aluminum siding, Shingles
What would this home cost you?
Based on the $499,900 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 ROYAL LEPAGE TRILAND REALTY, 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.