387 Horton Street E London, Ontario N6B 1L6

7 Bedroom 5 Bathroom
Forced Air


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! (id:53488)

Property Details

MLS® Number X8150402
Property Type Multi-family
Community Name EastK
Parking Space Total 4


Bathroom Total 5
Bedrooms Above Ground 7
Bedrooms Total 7
Basement Development Unfinished
Basement Type Crawl Space (unfinished)
Exterior Finish Vinyl Siding, Stucco
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Type Other
Utility Water Municipal Water


Acreage No
Sewer Sanitary Sewer
Size Depth 165 Ft
Size Frontage 33 Ft
Size Irregular 33 X 165 Ft
Size Total Text 33 X 165 Ft



Contact us for more information

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Ken Patpatia

(519) 878-7459
(519) 673-6789

Century 21 First Canadian Corp

(519) 673-3390

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Contact Melanie & Shelby Pearce

Sales Representative for Royal Lepage Triland Realty, Brokerage


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