$795,000 $4,268 est/mo Sourced by Back At You

387 Horton Street,London, ON N6B 1L6

London ON, N6B 1L6

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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! Vendor take back mortgage is possible with 30% down to approved potential buyers.

Details

MLS#40552832
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1930
Days On Site66
Listing Provided ByCENTURY 21 FIRST CANADIAN CORP., BROKERAGE | Ken Patpatia

Features

Bed(s)7
Bath(s)5
SQ Feet3,000
BasementY
Story(s)2
Units6
ZoningR8-4,AC4
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 2 minutes ago
ProvinceON
CountyMiddlesex
CityLondon
Postal CodeN6B 1L6
AreaEast
SubareaEast K
Community NameEast K
School DistrictAberdeen Public School; B Daviso
Elementary SchoolAberdeen Public School; B Daviso
Listing VS Median (in East K)
Price:
$795,000
low | high
Med:
$367,400
100% of Average
SqFt:
3,000
low | high
Med:
985
100% of Average
$ / SqFt:
$265
low | high
Med:
$385
4.659933881632% of Average
On Site:
66
low | high
Med:
4.5
100% of Average
Sourced by Back At You
Listing Updated: March 26, 2024 at 3:10:30 AM PDT