LOADING

387 Horton Street London, Ontario N6B 1L6

7 Bedroom 5 Bathroom 3000 sqft
Forced Air

$749,900

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. (id:45615)

Property Details

MLS® Number X8285652
Property Type Business
Community Name EastK
Amenities Near By Public Transit
Equipment Type Water Heater
Parking Space Total 4
Rental Equipment Type Water Heater

Building

Bathroom Total 5
Bedrooms Total 7
Basement Development Unfinished
Basement Type N/a (unfinished)
Exterior Finish Stucco, Vinyl Siding
Foundation Type Block
Heating Fuel Natural Gas
Heating Type Forced Air
Size Interior 3000 Sqft
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit
Sewer Sanitary Sewer
Size Depth 165 Ft
Size Frontage 33 Ft
Size Irregular Unit=33 X 165 Ft
Size Total Text Unit=33 X 165 Ft|under 1/2 Acre
Zoning Description R8-4,ac4

https://www.realtor.ca/real-estate/26827922/387-horton-street-london-eastk


KEN PATPATIA
Broker

(519) 878-7459
(519) 673-6789
www.ken-patpatia.c21.ca/
CENTURY 21 FIRST CANADIAN CORP., BROKERAGE
420 York Street
London, Ontario N6B 1R1

(519) 673-3390
(519) 673-6789
firstcanadian.c21.ca/
facebook.com/C21First
instagram.com/c21first

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