387 HORTON STREET E

London, Ontario, N6B1L6, Canada

$749,900

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. Contact the listing agent for showings!

Last updated on : Wednesday 9th of October 2024 12:30:58 PM

ADDRESS

Street : 387 HORTON STREET E

City : London

Province : Ontario

Country : Canada

Postal Code : N6B1L6

Open in Google Map

PROPERTY SUMMARY

Property ID : X9253693

Building Type : Multi-Family

Property Type : Multi-family

Similar Properties

Multi-family

86 BELAND Avenue N

Hamilton, Ontario, L8H6L1

$749,900

property Type: Duplex

type: Sale

Roger (Ranjay) Singh
1 week ago

DETAILS

Multi-family

23 WILHELM Street

Kitchener, Ontario, N2H5R7

$775,000

Beds: 6Baths: 3

property Type: Duplex

type: Sale

ARON PINTO
1 month ago

DETAILS

Multi-family

685715 HIGHWAY 2

Woodstock, Ontario, N4S7V9

$799,000

Beds: 4Baths: 2

property Type: Duplex

type: Sale

William Cattle
1 month ago

DETAILS

Multi-family

20 LAMBERT Place

Kitchener, Ontario, N2A1N1

$878,900

Beds: 5Baths: 2

property Type: Duplex

type: Sale

MATTHEW PITCHER
2 months ago

DETAILS

Multi-family

11 NETHERWOOD Road

Kitchener, Ontario, N2P0B7

$1,199,900

Beds: 7Baths: 4

property Type: Duplex

type: Sale

ANURAG SHARMA
3 days ago

DETAILS

Inquire about this property