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$ 499,900
Est. payment /mo
New
4615 Oil Springs Line Oil Springs, ON N0N 1P0
7 Beds
4 Baths
8,712 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Oil Springs
MLS Listing ID X13814654
Style 2-Storey
Bedrooms 7
Annual Tax Amount $1,900
Tax Year 2026
Lot Size 8,712 Sqft
Property Sub-Type Fourplex
Property Description
Excellent investment opportunity at 4615 Oil Springs Line in the historic community of Oil Springs. This fully rented fourplex offers immediate income and four self-contained residential units, with the added confidence of appropriate zoning, completed permits, and full compliance.The current unit mix includes Unit A - 3 bedrooms at $1,725/month; Unit B - 1 bedroom at $1,195/month; Unit C - 2 bedrooms at $1,390/month; and Unit D - 2 bedrooms at $1,390/month, for a total current gross rental income of $5,700 per month or $68,400 annually.The building is separately metered, with each tenant responsible for their own gas and hydro, which helps keep ownership expenses straightforward. The owner currently pays only for water, insurance, grass cutting and snow removal.Located approximately 15 minutes from Petrolia, 30 minutes from Sarnia, and one hour from London, this property offers investors the opportunity to acquire an established, fully occupied multi-residential property with income in place from day one. Whether you're expanding an existing portfolio or entering the multi-unit market, 4615 Oil Springs Line is a turnkey investment worth considering.
Location
Province ON
County Lambton
Area Lambton
Rooms
Family Room No
Basement Crawl Space
Kitchen 4
Interior
Interior Features Separate Heating Controls, Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Front Yard Parking, Available
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 74.0
Lot Depth 125.0
Total Parking Spaces 4
Building
Building Age 100+
Foundation Concrete Block
Others
ParcelsYN Yes
Listed by ROYAL LEPAGE TRILAND REALTY
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