387 Horton Street For Sale

London, East K, N6B 1L6

$795,000

Description

Listed by CENTURY 21 FIRST CANADIAN CORP., BROKERAGE.

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.

Carbon Monoxide Detector,Smoke Detector,Other

Location

View Map
  • Address: 387 Horton Street
  • Neighborhood: East K
  • City: London
  • State: ON
  • Postal Code: N6B 1L6

Property Details

  • Property ID: 40552832
  • Property Price: $795,000
  • Style: Multi-3 Unit, Residential Income
  • Sq/Ft: 3000
  • Bath: 5
  • Parking Spaces: 4
  • Year Built: 1930
  • Basement: Crawl Space, Unfinished
  • Exterior: Stucco, Vinyl Siding
  • Heating: Forced Air, Natural Gas
  • Taxes: $2,490.00 (2023)
  • Exposure: East
  • # of stories: 2

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  • Contact Manoj Kukreja

    Sales Representative, Re/max Premier Inc., Brokerage
    (647) 370 - 0992

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