387 Horton Street
London, ON, N6B 1L6
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.
Property Specification
| MLS Number | 40552832 |
| Property Type | Residential Income |
| Building Area | 3,000 Square Feet |
| Total Bedrooms | 7 |
| Basement | Crawl Space, Unfinished |
| Above Grade Sqf | 3,000 Square Feet |
| Cooling | None |
| Heating | Forced Air, Natural Gas |
| Parking Spaces | 4 |
| Sewage | Sewer (Municipal) |
| Year Built | 1930 |
Location Map
Get In Touch
Disclaimer
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.
Listing courtesy of: CENTURY 21 FIRST CANADIAN CORP., BROKERAGE