61 Days on Market

387 Horton St, London, Ontario N6B 1L6

$795,000
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Townhouse
7
5
- sqft

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Highlights

Estimated Value$600,000*

Price/Sqft-

Days On Market61 days

Est. Mortgage$3,414/mth

Tax Amount (2023)$2,490/yr

*Last updated on: 24/05/18

Description

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!


Property Details

Style2-Storey
View-
Age of property-
SqFt-
Lot Size5,445 SqFt(165 x 33)
Parking Spaces4
MLS ®NumberX8150402
Community NameCentral London
Board NameTRREB

Features

Heating: Forced Air
Basement: Crawl Space, Unfinished

Features

Lot size: 5,445 SqFt

Parking

Garage spaces -

Garage type -

Other parking spaces 4

Total parking spaces 4


Property History

Now
Listed for$795,000
61 days on market
history photo preview40
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Property listed by CENTURY 21 FIRST CANADIAN CORP, Brokerage
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