228 Burnside Drive London East, Ontario N5V 1B9
$1,199,900
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:61445)
Property Details
| MLS® Number | X12823036 |
| Property Type | Multi-family |
| Community Name | East I |
| AmenitiesNearBy | Highway, Public Transit |
| EquipmentType | Water Heater |
| ParkingSpaceTotal | 6 |
| RentalEquipmentType | Water Heater |
Building
| BedroomsTotal | 9 |
| Age | 51 To 99 Years |
| Appliances | Dryer, Washer |
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeInterior | 3944 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Highway, Public Transit |
| SizeDepth | 155 Ft |
| SizeFrontage | 60 Ft |
| SizeIrregular | 60 X 155 Ft |
| SizeTotalText | 60 X 155 Ft |
| ZoningDescription | R2-2 |
https://www.realtor.ca/real-estate/29402515/228-burnside-drive-london-east-east-i-east-i
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Faisal Anwar
Salesperson
Jie Dan
Broker of Record
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March 02 2026 03:22:49
Sutton - Jie Dan Realty Brokerage