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Pemberton Holmes Ltd.

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228 Burnside Drive
homes for sale · London East · East I
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$1,199,900

228 Burnside Drive

East I, London East · MLS® X12823036

96

3,944 sq ft · House · Multi-family · 240 days on market

listed by FAISAL ANWAR, SUTTON - JIE DAN REALTY BROKERAGE

realtor's 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.

property details

type
House, Multi-family
bedrooms
9
living area
3,944 sq ft
parking
6
property tax
$7,026 / yr
days on market
240
MLS®
X12823036

features

  • Washer
  • Dryer

monthly cost

$5,813/mo
Mortgage $5,228 · Tax $586

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$5,228/ monthly
loan $959,920
25-year amortization
total interest
$608,435
cash to close
$239,980
down payment; transfer tax and fees not included
total paid
$1,568,355

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

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listed by
FAISAL ANWAR
SUTTON - JIE DAN REALTY BROKERAGE
call FAISAL · 519-472-7775
Powered by: REALTOR.ca

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location

East I, London EastGoogle Maps ↗

location

East I, London EastGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

2061 Dundas Street S, London East
2061 Dundas Street S, London East, photo 2
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Land
$1,199,999
4methe deep dive
2061 Dundas Street S
East I, London East95 days on market
listed by CITYSCAPE REAL ESTATE LTD.
29,450 sq ft
MLS® X13590034