387 HORTON STREET E, LONDON

2024-08-14
 

Quick Summary

Location
387 HORTON STREET E, LONDON, Ontario N6B1L6
Price
$749,900 CAD
Status:
For Sale
Property Type:
Multi-family
Bedrooms:
7
Bathrooms:
5

MLS®#X9253691

Property 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! (id:32467)

Property Features

Building

  • Basement Development: Unfinished
  • Basement Type: Crawl space (Unfinished)
  • Exterior Finish: Stucco, Vinyl siding
  • Fireplace: No
  • Building Type: Other
  • Stories: 2
  • Utility Water: Municipal water

Land

  • Land Size: 33 x 165 FT
  • Sewer: Sanitary sewer

Zoning

  • Description: R8-4,AC4

Information entered by CENTURY 21 FIRST CANADIAN CORP
Listing information last updated on: 2024-10-28 16:21:34


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$500,000

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What is the deal exactly, with One Percent?

We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estate sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!

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We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.

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Patrick Lexima Salesperson

Phone:
6475345956
Email:
patrick.lexima@gmail.com
Support Area:
London, St-Thomas

I have been in the Real Estate business for over 10 years. I love the idea of providing great servic ...

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Gavin Yuan Real Estate Agent

Phone:
5199331092
Email:
gaviny@gmail.com
Support Area:
KITCHENER, WATERLOO, CAMBRIDGE, GUELPH, ERAMOSA/ROCKWOOD, WOODSTOCK, LONDON, MILTON, GEORGETOWN, ACTON, CALEDON, AND ALL SURROUNDED AREAS

MY MISSION TO HELP YOU REACH YOUR GOALS IN REAL ESTATE With my over 10 years’ professio ...

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Junxiang Lin Salesperson

Phone:
5199339937
Email:
benlind_d@hotmail.com
Support Area:
London

Lived in London Ontario since 2014, took my time to finish my Finance degree at Western. I guarante ...

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