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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$499,900
Available - For Sale
Listing ID: X13814654
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.
Price $499,900
Taxes: $1,900
Assessment Year: 2025
Occupancy by: Tenant
Address: 4615 Oil Springs Line , Oil Springs, N0N 1P0, Lambton
Directions/Cross Streets: Oil Springs Line & Richmond Street
Rooms: 4
Bedrooms: 7
Bedrooms +: 0
Washrooms: 4
Family Room: F
Basement: Crawl Space
No. of Pieces Level
Washroom 1:  4
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Property Type: Fourplex
Style: 2-Storey
Exterior: Aluminum Siding
Shingle
Garage Type: Detached
(Parking/)Drive: Front Yard
Drive Parking Spaces: 4
Park #1
Parking Type: Front Yard
Park #2
Parking Type: Front Yard
Park #3
Parking Type: Available
Pool: None
Other Structures: Fence - Partia
Approximatly Age: 100+
Approximatly Square Footage: 2500-3000
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
Utilities-Hydro: Y
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
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CMHC/GE $ $ $ $
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE TRILAND REALTY

4615 Oil Springs Line , Oil Springs, N0N 1P0, Lambton

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Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Fourplex
Area: Lambton
Municipality: Oil Springs
Neighbourhood: Oil Springs
Style: 2-Storey
Lot Size: x 125.00(Feet)
Approximate Age: 100+
Tax: $1,900
Maintenance Fee: $0
Beds: 7
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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