387 Horton Street, London, ON

$795,000

Previous Next

7

Beds

5

Baths

3,000

Square feet

About 387 Horton Street

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.

Features of 387 Horton Street

MLS® # 40552832
Price $795,000
Bedrooms 7
Bathrooms 5.00
Square Footage 3,000
Year Built 1930
Type Residential Income
Sub-Type Multi-3 Unit
Status Active

Community Information

Address 387 Horton Street
Area East
Subdivision East K
City London
County Middlesex
Province ON
Postal Code N6B 1L6

Amenities

Parking Spaces 4
Parking Asphalt
Is Waterfront No
Has Pool No

Interior

Interior Features Other
Appliances Dryer, Washer
Heating Forced Air, Natural Gas
Cooling None
Fireplace No
# of Stories 2
Has Basement Yes
Basement Crawl Space, Unfinished

Exterior

Lot Description City Lot, Public Transit, Schools, Shopping Nearby
Roof Flat
Construction Stucco, Vinyl Siding
Foundation Block

School Information

Elementary Aberdeen Public School; B Davison Secondary School, Catholic Central High

Additional Information

Days on Market 39

Listing Details

OfficeCENTURY 21 FIRST CANADIAN CORP., BROKERAGE

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?