387 Horton St E

London | East K | N6B 1L6
  • 7
  • 5
  • 0

$749,900

Est. Mtg $2,542 /mo
  • Days on market

    103

  • Status

    New

Listing Broker CENTURY 21 FIRST CANADIAN CORP
Since listed: 0 views

Home details

MLS #:

X9253691

Property type:
Multiplex
Style:
2-Storey
Taxes:
$2,490
Possession:
Flexible
Lot Front:
33.0   Feet
Lot Depth:
165.0   Feet
Basement:
Crawl Space | Unfinished
Driveway Pkg:
4
Heat:
Gas | Forced Air

Description


387 Horton St E, , London, Ontario is a Multiplex property in London and in the East K community in the N6B 1L6 postal code


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!.

Extras

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History

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List Date End Date List Price End Price Status MLS #
2024-03 2024-08 $795,000 $795,000 Exp X8150402
2024-08 2024-10 $749,900 $749,900 New X9253691
2024-01 $139,900 $139,900 X7533978
2024-08 $749,900 $749,900 X9253693
2024-01 $289,000 $289,000 X7574270

Comparables

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sold Date Address List Price sold Price DOM

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

London :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 387 Horton St E

Based on available 3rd party data

$2885

Approximate costs per month

Mortgage
$2542 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$207 p/m
Maintenance
$0 p/m

Amenities:

Features:

Listing Broker CENTURY 21 FIRST CANADIAN CORP
Data Source: TRREB

Payment calculator

$2750 monthly. In association with: TD Bank
%
  • Principal and Interest
    2542 /mo
  • Property Taxes
    $207 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Emmalay Rattana, Realtor

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