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Home ON Greater London London Central London
387 HORTON STREET E
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387 HORTON STREET E $749,900
$749,900
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387 HORTON STREET E
London, Ontario N6B1L6

MLS® Number: X9253691
7
Bedrooms
5
Bathrooms
-
Square Feet

Listing 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! (36542956)

Location Description

Colborne & Horton

Property Summary

Property Type
Multi-family
Building Type
Other
Storeys
2
Community Name
East K
Land Size
33 x 165 FT
Annual Property Taxes
$2,490
Total Parking Spaces
4
Time on REALTOR.ca
83 days

Building

Bedrooms
Above Grade
7
Bathrooms
Total
5
Interior Features
Basement Type
Crawl space (Unfinished)
Building Features
Foundation Type
Concrete
Heating & Cooling
Heating Type
Forced air (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Stucco, Vinyl siding
Parking
Total Parking Spaces
4

Land

Lot Features
Frontage
33 ft
Land Depth
165 ft
Other Property Information
Zoning Description
R8-4,AC4
Data provided by: London and St. Thomas Association of REALTORS® 342 COMMISSIONERS Road West, LONDON, Ontario N6J 1Y3

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