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228 BURNSIDE DR London East, ON N5V 1B9
9 Beds
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision East I
MLS Listing ID X12823036
Bedrooms 9
Annual Tax Amount $7,026
Tax Year 2025
Property Sub-Type Investment
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.
Location
Province ON
County Middlesex
Area Middlesex
Zoning R2-2
Rooms
Kitchen 0
Interior
Cooling Yes
Inclusions 4 sets of fridge, stove, washer dryer
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 60.0
Lot Depth 155.0
Building
Building Age 51-99
New Construction false
Others
ParcelsYN No
Listed by SUTTON - JIE DAN REALTY BROKERAGE
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145 Wharncliffe Rd S, London, ON, N6J 2K4, CAN
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