4615 Oil Springs Line, Oil Springs, ON
Property Highlights
Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of Oil Springs. Expertly crafted featuring premium aluminum siding and shingle construction, this residence presents an exceptional opportunity offered at $499,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 7 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 74 x 125 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Separate Heating Controls, Separate Hydro Meter
- Efficient forced air heating via gas
Description
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.
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Property Summary
This fourplex located at 4615 Oil Springs Line, Oil Springs is currently for sale and has been available on SousaSells for 0 days. This property is listed at $499,900 with an estimated mortgage of $1,664* per month. It has 7 beds, 4 bathrooms, and is 2500-3000 square feet. 4615 Oil Springs Line, Oil Springs is in the Oil Springs neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 7 bedrooms and 4 bathrooms, this home offers ample space and comfort for growing families in Oil Springs, Oil Springs.
- •7 spacious bedroom layout offering versatile living space
- •4 well-appointed bathrooms
- •2500-3000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Oil Springs, Oil Springs.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Separate Heating Controls
- Separate Hydro Meter
Security Features
None listed
Community Features
None listed
Property History
No historical data available for this property.
This could be the first listing for this address.
Looking to Buy a Home in Oil Springs?
If you are looking for a house in Oil Springs or researching Oil Springs real estate for sale, this 7-bedroom fourplex at 4615 Oil Springs Line, Oil Springs, ON offers an exceptional opportunity to buy a home in Oil Springs, Ontario. Whether you are a first-time Oil Springs home buyer or comparing active Oil Springs MLS® homes for sale, working with a dedicated Oil Springs buyer agent ensures you receive priority showing access, unrepresented buyer protection, and aggressive price negotiation.
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Under Ontario REBBA/TRESA regulations, the listing brokerage is legally bound to the seller's financial interests. Work with an experienced Oil Springs realtor & real estate broker who represents you 100%—at zero cost to you as a buyer.
Oil Springs Buyer Budget & Costs
Estimated mortgage: $1,664*/month*. Estimated Ontario Land Transfer Tax: $6,473. First-time Oil Springs home buyers may qualify for up to $8,475 in rebates.
Frequently Asked Questions: Buying a Home in Oil Springs
Frequently Asked Questions about 4615 Oil Springs Line, Oil Springs, ON
Q.What is the asking price for 4615 Oil Springs Line, Oil Springs, ON ?
The current listing price for 4615 Oil Springs Line, Oil Springs, ON in Oil Springs, Oil Springs is $499,900.
Q.How many bedrooms and bathrooms does this property have?
This property features 7 bedrooms and 4 bathrooms across approximately 2500-3000 sqft.
Q.What property type and architectural style is 4615 Oil Springs Line, Oil Springs, ON ?
4615 Oil Springs Line, Oil Springs, ON is a Fourplex (2-Storey) featuring a Crawl Space basement.
Q.What interior features are included in this home?
Interior highlights include: Separate Heating Controls, Separate Hydro Meter.
Q.Is parking available at this property?
Yes, this property offers parking space for 4.0 vehicles (Detached).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via None.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Oil Springs, Oil Springs
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Pricing & Value Insights
Data-driven valuation for 4615 Oil Springs Line, Oil Springs, ON N0N 1P0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Oil Springs, ON
For a property listed at $499,900 in Oil Springs, the legal minimum down payment is $24,995 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,473 for this transaction. As this listing is in Oil Springs (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,473.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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