387 Horton Street, London, ON


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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


Parking Spaces 4
Parking Asphalt
Is Waterfront No
Has Pool No


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


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


Listing Map

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