$795,000
FOR SALE

Investment

Lot: 33 x 165 ftTotal Area: 3,000 ft2
2023 Taxes: $2,490

387 Horton St
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! Vendor take back mortgage is possible with 30% down to approved potential buyers.
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Listed By CENTURY 21 FIRST CANADIAN CORP., Brokerage
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8285652
Last Updated May 01, 2024
Property Summary
Property Type Investment

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
Occupancy Tenant
Possession Date Flexible
Taxes (2023) $2,490
Assessment (2024) $189,000
Directions/Cross Streets Colborne & Horton
Neighbourhood East K
Area Middlesex
Price History

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Detailed Information
Bathrooms 5
Lot 33 x 165 ft
Total Area 3,000 ft2
Approximate Age 51-99
Air Conditioning None
Basement Y
Chattels Y
Garage Type None
Parking Spaces 4
Heat Type Forced Air
Insurance Expense $2,500
Area Influences Public Transit
Sewers Sewers
Water Municipal
Zoning R8-4,AC4
Seller Property Info Statement Y

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