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228 BURNSIDE DRIVE

East I, London East, N5V1B9

Listed by SUTTON - JIE DAN REALTY BROKERAGE

$1,199,900

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  • 9 bedrooms
  • 6 parking
  • 3944 sq ft

Listed 237 days ago · MLS® X12823036

About this home

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:66966)

Details

Type
Multiplex
Size
3944 sq ft
Property tax
$7,026 (2026)
Neighbourhood
East I
Municipality
London East (East I)

Interior

Fireplace
No
Appliances
Washer, Dryer

Heating, cooling and services

Heating
Forced air, Natural gas
Air conditioning
Fully air conditioned

Parking

Total parking
6

Location

Location is approximate. See nearby homes on the map

Listed by SUTTON - JIE DAN REALTY BROKERAGE.

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