1020 Eagle Drive London South, Ontario N5Z 3H5
8 Bedroom 4 Bathroom 3000 - 3500 sqft
Hot Water Radiator Heat
$929,900
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. (id:53193)
Property Details
| MLS® Number | X12170890 |
| Property Type | Multi-family |
| Community Name | South J |
| Features | Flat Site |
| ParkingSpaceTotal | 4 |
Building
| BathroomTotal | 4 |
| BedroomsAboveGround | 8 |
| BedroomsTotal | 8 |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater |
| BasementDevelopment | Unfinished |
| BasementType | N/a (unfinished) |
| ExteriorFinish | Brick |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Hot Water Radiator Heat |
| StoriesTotal | 2 |
| SizeInterior | 3000 - 3500 Sqft |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 100 Ft |
| SizeFrontage | 120 Ft |
| SizeIrregular | 120 X 100 Ft |
| SizeTotalText | 120 X 100 Ft |
| ZoningDescription | R2-5 |
Utilities
| Cable | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/28361625/1020-eagle-drive-london-south-south-j-south-j
Interested?
Contact us for more information
Mel Vetero
Salesperson
RE/MAX Centre City Realty Inc.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 24 2025 01:52:01
London and St. Thomas Association of REALTORS®
RE/MAX Centre City Realty Inc.