360 Stratton Drive
London East, ON
- 8 bed
- 1 bath
- 9,354 sqft
- Investment
- 170 days on market
ATTENTION TO ALL INVESTORS! This solid brick 4 plex needs updates, renovations, and refurbishment. It is sold as is, where it is, with no guarantees or warranties. Present rents are way below the current rental market, due to long-term tenants. The subject property is built as a one-storey fourplex (quad style). A $20,000 deposit is required with an offer to purchase. Each unit is configured with a living room, dining room, kitchen, two beds, and a four-piece bath, along with full, partially finished basement levels. The basement levels include laundry, mechanical, and recreation room areas. All measurements are approximate, to be verified by the buyer. The kitchen and bathrooms are original, along with the original hardwood flooring, and cosmetically dated, and average or below average overall condition. The roof shingles are newer improvements along with various windows, and two of the four furnaces. The property has 2 driveways and a single garage. The tenants are long-term with per unit rents reported at $720, $720, $750, and $750, combining to $2940 monthly and $35,280 annually, with the tenants responsible for all utilities except the hot water heater. These rents were indicative of long-term tenancies.
Listing Details
- Taxes (2025)
- $5,867
- Listed
- March 27, 2026
Price History
Listing history
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Property
- Lot Size
- 75 x 125 Feet
Parking
- Garage
- None
Utilities
- Heat Source
- Gas
Location & Legal
- Cross Street
- DUNDAS, EDMONTON
- Zoning
- R8-10
- Parcel Number
- 081140103
- Possession
- Other
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 2 To 5 Units
Included
- Exclusions
- No appliances or window air conditioners included they belong to tenants
Community
Postal area N5W
- Population
- 24,740
- Private dwellings
- 12,388
- Median age
- 40.4
- Average household size
- 2.1
- Median household income
- $64,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in London East · last 12 months
- Median sold price
- $462,500
- Homes sold
- 1,327
- Median days on market
- 25
- Sale-to-list price
- 97.0%
Based on 1,327 recorded sales of commercial properties in London East over the last 12 months.
Listed by
RE/MAX CENTRE CITY REALTY INC.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 9,354 sq ft
- Price per sq ft
- $64.13
- Annual property tax
- $5,867
- Tax per sq ft
- $0.63
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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