A pic from exterior of the house or condo, the fenced backyard for 387 Horton St, London Ontario N6B 1L6
125 days on Market

387 Horton St, London, Ontario N6B 1L6

Townhouse
7
5
- sqft
$749,900
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Townhouse
7
5
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$3,221/mo

Tax Amount (2023)$2,490/yr

Days On Market125 days


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 property51-99
SqFt-
Lot Size5,445 SqFt(165 x 33)
Parking Spaces4
MLS ®NumberX9253691
Community NameCentral London
Data SourceTRREB
Listing byCENTURY 21 FIRST CANADIAN CORP

Features

Heating: Forced Air
Basement: Crawl Space, Unfinished

Features

Lot size: 5,445 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property listed by CENTURY 21 FIRST CANADIAN CORP, Brokerage
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Population and Demographics

Overview

Total population 16774
Average household income $95,260

Age (%)

20 to 34
38%
50 to 64
18%
35 to 49
17%
65 and plus
16%
0 to 19
10%

Household composition (%)

Single person
57%
Single family
33%
Multi person
10%
Multi family
0%

Mother tongue (%)

English
87%
Others
4%
Spanish
3%
Arabic
2%
French
2%
Portuguese
1%

House tenancy (%)

Renters
77%
Owners
23%

Schools and amenities

Estimated Budget