$1,550,000
$1,550,000
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3250 River ST Brooke-alvinston, ON N0N 1A0
1 Bed
1 Bath
Key Details
Sold Price $1,550,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 700-1100
Subdivision Brooke Alvinston
MLS Listing ID X12108437
Sold Date 08/21/25
Style Bungalow
Bedrooms 1
Annual Tax Amount $8,750
Tax Year 2024
Property Sub-Type Fourplex
Property Description
A lucrative investment opportunity awaits with this newer fourplex built in 2024 & currently netting $97,170 per year. Low maintenance requirements, minimal property taxes & all-newer appliances kept expenses to a minimum, ensuring maximum profitability. Each unit measures approx. 1000 sq. ft. & includes a modern 4-piece bathroom, spacious kitchen with island, oversized bonus room, laundry closet & rear cement patio. Adding both convenience & value is an attached garage, finished & heated. All these features combine to provide an enjoyable living experience & capitalize on the demand for quality rental properties. Additionally, all units have signed leases & are plus utilities. The buildings central location within southwestern Ontario provides access to numerous markets like London, Strathroy, Sarnia and Chatham. With its contemporary design & thoughtful amenities, this property promises not only a steady stream of income but also long-term value appreciation.
Location
State ON
County Lambton
Area Lambton
Zoning R3 (3)
Rooms
Family Room Yes
Basement None
Kitchen 1
Interior
Interior Features Air Exchanger, Auto Garage Door Remote, Storage
Cooling Wall Unit(s)
Exterior
Exterior Feature Patio
Parking Features Private
Garage Spaces 1.0
Pool None
Roof Type Metal
Lot Frontage 125.0
Lot Depth 134.0
Total Parking Spaces 2
Building
Building Age 0-5
Foundation Concrete
Others
Senior Community Yes
Security Features Carbon Monoxide Detectors,Smoke Detector
ParcelsYN No
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