1020 Eagle Drive London South (South J), Ontario N5Z 3H5
$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:41954)
Property Details
| MLS® Number | X12170890 |
| Property Type | Multi-family |
| Community Name | South J |
| Features | Flat Site |
| Parking Space Total | 4 |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 8 |
| Bedrooms Total | 8 |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Exterior Finish | Brick |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 2 |
| Size Interior | 3000 - 3500 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 100 Ft |
| Size Frontage | 120 Ft |
| Size Irregular | 120 X 100 Ft |
| Size Total Text | 120 X 100 Ft |
| Zoning Description | R2-5 |
Utilities
| Cable | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/28361625/1020-eagle-drive-london-south-south-j-south-j
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May 24 2025 01:52:01
London and St. Thomas Association of REALTORS®
RE/MAX Centre City Realty Inc.