$749,900
FOR SALE

Multiplex 2-Storey

Bedrooms: 7Bathrooms: 5Lot: 33 x 165 ft
2023 Taxes: $2,490

387 Horton St E
London, ON N6B 1L6 | East K | Middlesex

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! Contact the listing agent for showings!
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Listed By CENTURY 21 FIRST CANADIAN CORP
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9253691
Last Updated Aug 14, 2024
Property Summary
Property Type Multiplex

More like this:
PIN 083190099
Legal Description PT LT 9 , S/E HORTON STREET , BEING THE E 1/2 OF THE E 1/2 ; LONDON
Possession Date Flexible
Taxes (2023) $2,490
Directions/Cross Streets Colborne & Horton
Neighbourhood East K
Area Middlesex
Price History

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Detailed Information
Fronting On E
Special Designations Unknown
Bedrooms 7
Bathrooms 5
Rooms 11
Kitchens 4
Lot 33 x 165 ft
Approximate Age 51-99
Exterior Stucco/Plaster, Vinyl Siding
Air Conditioning None
Family Room Y
Fireplace/Stove N
Pool None
Basement Crawl Space, Unfinished
Drive Front Yard
Garage Spaces 0.0
Garage Type None
Parking Spaces 4
Total Parking Spaces 4.0
Heat Source Gas
Heat Type Forced Air
Sewers Sewers
Water Municipal
Zoning R8-4,AC4
Seller Property Info Statement N
Bathrooms
Pieces Level
4Main
4Main
42nd
42nd
42nd

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