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1020 Eagle DR London South, ON N5Z 3H5
8 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision South J
MLS Listing ID X12170890
Style 2-Storey
Bedrooms 8
Annual Tax Amount $5,297
Tax Year 2025
Property Sub-Type Fourplex
Lot Depth 100.0
Lot Front 120.0
Property Description
Purpose-built all brick fourplex located on a quiet residential street in Glen Cairn Woods municipally known as 1018-1020Eagle Drive. Four two bedroom units have been remodeled with newer kitchens and bathrooms, laminate flooring and replacement windows in the past ten years. Roof shingles replaced in 2017. Lower unit at 1018 was rented at $924.00 and is currently vacant. Market rent would be in the $1,500-$1,600 range. Other rents-1018 upper at $1,000, 1020 lower at $969 and1020 upper at $1,250. Tenants also pay for separately metered electricity. Gross annual rent of $57,014.00 including coin laundry and net operating income of $41,526.62. Building has been very well maintained over the last 35 years by the current owner. Also, potential to sever the lot into three single family building lots of 40 feet each subject to municipal approval. Copy of rent roll including operating expenses, City Rental License and Surveyor's Certificate available upon request. Please allow fora 48 hour irrevocable.
Location
Province ON
County Middlesex
Community South J
Area Middlesex
Rooms
Family Room No
Basement Unfinished
Kitchen 2
Interior
Interior Features Water Heater, Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Private Double
Pool None
Roof Type Asphalt Shingle,Fibreglass Shingle
Topography Flat
Lot Frontage 120.0
Lot Depth 100.0
Total Parking Spaces 4
Building
Foundation Poured Concrete
Listed by RE/MAX CENTRE CITY REALTY INC.
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