387 HORTON Street Sold Invalid date

London, East K, N6B 1L6

$749,900$000000

Description

Listed by CENTURY 21 FIRST CANADIAN CORP., BROKERAGE.

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.

Location

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Address: 387 HORTON Street
Neighborhood: East K
City: London
State: Ontario
Postal Code: N6B 1L6

Property Details

Property ID: X8285652
Property Price: $749,900
Style: Investment
Bath: 5
Parking Spaces: 4
Year Built: 51-99
Basement: Y
Heating: Forced Air
Taxes: $2,490.00 (2023)
Lot: 165.00x33.00 (Feet)

Property History

This property has been sold 2 times before. To view this property's sale price history please sign in or register:

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100

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