387 Horton Street London, ON N6B 1L6
Listing Courtesy of: ITSO / Century 21 First Canadian Corp. Brokerage / Ken Patpatia

  387 Horton Street London, ON N6B 1L6

Active (47 Days)
$795,000
7
BED
5
BATH
3,000
SQFT
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Description

Exciting Investment Opportunity! Highly desirable rental property conveniently located near downtown. This three-unit building is situated on a spacious lot, within walking distance to downtown and near major transit routes. Units 1 and 2 offer two bedrooms and one bathroom each on the ground level. Unit 3, located on the upper level, is divided into three separate units (A, B, and C). Unit A features 2 bedrooms and 1 bathroom, Unit B has 1 bedroom and 1 bathroom, and Unit C is a bachelor unit with a bathroom. Experience the beauty of scenic trails along the Thames River, attend major ball games in London, and enjoy various festivals and entertainment events downtown. This property generates a net income of $58,000 annually, with a Pro Forma worksheet available for review upon request. With a remarkable cap rate of 7.1%, this investment opportunity is not to be missed. Act swiftly to seize this lucrative opportunity! Vendor take back mortgage is possible with 30% down to approved potential buyers.

MLS®:
40552832
Taxes
$2,490
Type
Multifamily
Year Built
1930
County
Middlesex County

Listed By

Ken Patpatia, Century 21 First Canadian Corp. Brokerage
Source
ITSO
Last checked Apr 29 2024 at 7:38 PM GMT+0000
Bathroom Details
Interior Features
  • Other
  • Dryer
  • Washer
  • Laundry: Common Area
Lot Information
  • Schools
  • Shopping Nearby
  • Public Transit
  • City Lot
Property Features
  • Foundation: Block
Heating and Cooling
  • Forced Air
  • Natural Gas
  • None
Basement Information
  • Crawl Space
  • Unfinished
Exterior Features
  • Roof: Flat
Utility Information
  • Sewer: Sewer (Municipal)
School Information
  • Elementary School: Aberdeen Public School; B Davison Secondary School, Catholic Cen
Parking
  • Asphalt
  • Total: 4
Stories
  • 2
Living Area
  • 3,000 sqft
Location
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Disclaimer: Listing content protected by copyright and licensed by Information Technology Systems Ontario: Data last updated: 4/29/24 12:38

CENTURY 21 First Canadian Corp. Brokerage

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CENTURY 21 First Canadian Corp. Brokerage

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(519) 673-3390

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