4615 Oil Springs Line
Oil Springs, ON
- 7 bed
- 4 bath
- approx. 2500-3000 sqft
- Fourplex
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.
Listing Details
- Taxes (2026)
- $1,900
- Listed
- September 22, 2026
Price History
Property
- Style
- 2-Storey
- Age
- 100+
- Construction
- Aluminum Siding, Shingle
- Roof
- Asphalt Shingle
- Foundation
- Concrete Block
- Interior
- Separate Heating Controls, Separate Hydro Meter
- Lot Size
- 74 x 125 Feet
Parking
- Garage
- Detached
- Covered Spaces
- 1
- Total Parking
- 4
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Oil Springs Line & Richmond Street
- Zoning
- RM
- Parcel Number
- 434990352
- Possession
- Immediate
- Occupancy
- Tenant
Community
Postal area N0N
- Population
- 42,297
- Private dwellings
- 18,752
- Median age
- 45.2
- Average household size
- 2.5
- Median household income
- $96,000
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.
Listed by
ROYAL LEPAGE TRILAND REALTY
Walk Score
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Location
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Mortgage Calculator
$99,980
Estimated Monthly Payment
$2,456
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
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Mortgage: $2,456/mo (20% down, 5.5%)
Taxes: $158/mo · Insurance: $125/mo
Estimates only. Consult a financial advisor.
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