New Listing
585 Colborne Street, London
$849,900 - 6 Beds, 4 Baths
MLS® # 40572288
CENTURY 21 FIRST CANADIAN CORP., BROKERAGE
387 Horton Street, London
$795,000
7 Beds
5 Baths
3,000 Sqft
0 Acres
0 Garages
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.
Essential Information
MLS® #40552832
Price$795,000
Bedrooms7
Bathrooms5.00
Square Footage3,000
Year Built1930
TypeResidential Income
Sub-TypeMulti-3 Unit
StatusActive
Community Information
Address387 Horton Street
AreaEast
SubdivisionEast K
CityLondon
CountyMiddlesex
ProvinceON
Postal CodeN6B 1L6
Amenities
Parking Spaces4
ParkingAsphalt
Interior
Interior FeaturesOther
AppliancesDryer, Washer
HeatingForced Air, Natural Gas
CoolingNone
Has BasementYes
BasementCrawl Space, Unfinished
# of Stories2
Exterior
RoofFlat
ConstructionStucco, Vinyl Siding
FoundationBlock
Lot Description
City Lot, Public Transit, Schools, Shopping Nearby
Schools
Aberdeen Public School; B Davison Secondary School, Catholic Central High
Additional Information
Days on Market45
Listing Details
Office
CENTURY 21 FIRST CANADIAN CORP., BROKERAGE
LISTING MAP
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