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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
9 Bed Commercial Property in London
About 228 Burnside Drive
A great "Turn Key" investment opportunity located on a desirable quiet residential street. This income property has an annual gross income of $61,402.38. The building structure is 3 levels with 3 rental units with a 4th rental unit in the double garage which has been converted to a one bedroom apartment. Numerous updates throughout. Updated metal roof, windows, copper plumbing, coin-op washer & dryer. Separate storage rooms and large garden shed. Separate hydro meters, 4 fridges & 4 stoves, 1 dishwasher, lots of parking. Upper 3 bedroom unit rents for $2000 + hydro, main floor 3 bedroom unit rents for $1,362.66 + hydro, lower 2 bedroom unit rents for $927.64. + hydro, 1 bedroom garage unit rents for $845.69. including hydro. Numerous upgrades: newer pavement on driveway, first floor renovated bathroom and dishwasher installed. Second floor newer flooring, paint and updated bathroom. Newer eave though and shed. Newer air conditioning and furnace ( 2023). This property is in excellent condition inside and out and fully rented with good tenants. A "Must See" worthwhile investment.
9 bedrooms. Chat with Zara if you'd like a deeper read on whether this investment fits your budget and timing.
Inside 228 Burnside Dr
Every detail from the listing, in one place.
Type
Investment
Lot size
155 x 60
Features & systems
Lot & land
Lot dimensions
155 x 60
Lot size (sqft)
0
Listing & possession
Property class
Investment
228 Burnside Dr Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X12823036$1,199,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 228 Burnside Dr Compares to the London Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in London
Other 8-bed homes for sale in London around $1.2M.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.2%On average, homes sold below asking.
Active listings2,487Homes for sale here right now.
Median vs prior 90 days−1.7%Compared with Apr 25 – Jul 24, 2026: prices down.
Based on 1,772 sales from Jul 24 – Oct 22, 2026 (1,468 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 228 Burnside Dr
How much is 228 Burnside Dr listed for?
228 Burnside Dr is listed at $1,199,900 (MLS® X12823036). Summitly updates the price as soon as the MLS® record changes.
Has the price of 228 Burnside Dr changed?
No — 228 Burnside Dr is still listed at its original asking price of $1,199,900.
How many bedrooms and bathrooms does 228 Burnside Dr have?
228 Burnside Dr has 9 bedrooms. It is a commercial property in London.
How does 228 Burnside Dr compare with other homes in London?
Its asking price of $1,199,900 is about 114% above the median sold price in London over the last 90 days, $560,000, across 1,772 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 228 Burnside Dr been sold before?
Summitly has no earlier MLS® sale or lease of 228 Burnside Dr on record from the last two years. Older records aren't shown under TRREB rules.
Where is 228 Burnside Dr?
228 Burnside Dr is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 228 Burnside Dr been on the market?
239 days — 228 Burnside Dr was listed on February 25, 2026.
What is the lot size of 228 Burnside Dr?
The lot measures 155 × 60, as published in the listing.
What is the land transfer tax on 228 Burnside Dr?
About $20,473 in Ontario land transfer tax at the asking price of $1,199,900. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 228 Burnside Dr or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 228 Burnside Dr?
The listing for 228 Burnside Dr doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for London.
When was 228 Burnside Dr built?
The listing for 228 Burnside Dr doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.