For Sale: 4615 Oil Springs Line, Oil Springs, ON - REW
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$499,900
7 bd • 4 ba • 2500 - 2999 sf • Multifamily
4615 Oil Springs Line
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$499,900
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4615 Oil Springs LineOil Springs, ON, N0N 1P0

  • 7 Bed
  • 4 Bath
  • 2500 - 2999 Sqft
  • Multifamily

About this home

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. (id:63626)
Listed by: STEWART BLAIR, Sales Representative, ROYAL LEPAGE TRILAND REALTY

Home facts and features

Price details
List Price
$499,900
Get Pre-Approved
Gross Taxes for 2025
$1,900
Home facts
Bedrooms
7
Full Bathrooms
4
Parking Spaces
4
Parking Details
Garage, Detached Garage
Property Type
Multifamily
Depth
125 feet
Frontage
74.0 feet
Exterior Finish
Aluminum siding, Shingles
Heating Type
Forced air, Natural gas
Basement Details
Crawl space
Features
Separate Electricity Meters, Separate Heating Controls
Agent details
Primary Agent
STEWART BLAIR
Primary Broker
ROYAL LEPAGE TRILAND REALTY
Secondary Agent
JEREMY ODLAND
Secondary Broker
ROYAL LEPAGE TRILAND REALTY
Tertiary Agent
BRITTANY WURFEL
Tertiary Broker
ROYAL LEPAGE TRILAND REALTY
Listing details
Days on REW
2 Days
MLS® Number
X13814654
Source
Canadian Real Estate Association
Board
London and St. Thomas Association of REALTORS®
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25 Years
Interest Rate
3.99%

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Call Agent
Sales Representative
STEWART BLAIR
Phone:
(519) 672-9880
Cell:
519-933-6198
Office:
519-672-9880
Sales Representative
JEREMY ODLAND
Phone:
519-639-7664
Cell:
519-639-7664
Office:
519-672-9880
Salesperson
BRITTANY WURFEL
Phone:
(519) 673-9809
Cell:
(519) 673-9809
Office:
519-672-9880
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