387 Horton Street E London, Ontario N6B 1L6
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Contact us for more information
Ken Patpatia
Broker
$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! (id:58576)
Property Details
| MLS® Number | X9253691 |
| Property Type | Multi-family |
| Community Name | East K |
| ParkingSpaceTotal | 4 |
Building
| BathroomTotal | 5 |
| BedroomsAboveGround | 7 |
| BedroomsTotal | 7 |
| BasementDevelopment | Unfinished |
| BasementType | Crawl Space (unfinished) |
| ExteriorFinish | Stucco, Vinyl Siding |
| FoundationType | Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| Type | Other |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 165 Ft |
| SizeFrontage | 33 Ft |
| SizeIrregular | 33 X 165 Ft |
| SizeTotalText | 33 X 165 Ft |
| ZoningDescription | R8-4,ac4 |
https://www.realtor.ca/real-estate/27289265/387-horton-street-e-london-east-k
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October 28 2024 04:21:34
London and St. Thomas Association of REALTORS®
Century 21 First Canadian Corp
Why Sell With Dharm Gill?
Selling your home with Dharm Gill means leveraging expert market knowledge, personalized marketing strategies, and dedicated support to ensure you get the best value. Dharm Gill’s commitment to excellence and client-focused approach guarantees a seamless and successful selling experience.
