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$2,995,000

London East (East K) ON, N6B 1L5

MLS® # X12290216

Property Information:

Welcome to Horton Flats, a zoning-approved mid-rise development at 323, 317, and 313 Horton Street, in the heart of London ON. This project will redefine urban living while supporting affordable housing initiatives and sustainable city growth. This 8-story mixed-use development is a strategic and high-potential opportunity for investors, developers, and affordable housing providers looking to capitalize on London's ongoing revitalization efforts. Designed to align with The City of London's Plan of Urban Corridor, Horton Flats is a forward-thinking development that combines innovative growth principles, transit-oriented living, and financial sustainability. A Smart Development in a Strategic Location. Horton Flats features 106 functionally designed residential units, providing efficient and modern living spaces tailored for today's renters. The ground floor includes two commercial spaces, offering the perfect setting for businesses serving the residents and the surrounding community. This prime urban location is ideally positioned on London's Rapid Transit corridor, ensuring seamless connectivity to key city destinations. Additionally, its proximity to CN Rail and major roadways enhances accessibility, making it a desirable site for long-term investment and development success. With the Growing Demand for Affordable Housing, Horton Flats offers a strategic solution that meets community needs and investor goals. This development is potentially eligible for various financial incentives. Don't miss out on this exceptional investment opportunity! Contact us today for detailed financial projections, development plans, and partnership options. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Floor Space: 1 ac
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Fully air conditioned

Property Features:

  • Property Type: Multi-family
  • Floor Space (approx): 1 Square Feet
  • Lot Depth: 164.7 Feet
  • Lot Frontage: 133.2 Feet
  • Zoning: BDC(51) ZONE-BUSINESS DISTRICT COMMERCIAL

Courtesy of: EXP REALTY

REALTOR.ca  

Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Location of 323 HORTON STREET E, London East (East K), Ontario, N6B 1L5

Demographic Information of 323 HORTON STREET E, London East (East K), Ontario, N6B 1L5

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$77,790.80

Average Number of Children

1.45

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.64 %

High school certificate or equivalent

29.01 %

Apprenticeship trade certificate/diploma

4.86 %

College/non-university certificate

22.36 %

University certificate (below bachelor)

2.06 %

University Degree

22.07 %

Commuter

Travel To Work

By Car

73.67 %

By Public Transit

10.79 %

By Walking

11.61 %

By Bicycle

0.0 %

By Other Methods

3.93 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

67.26 %

Houses

32.74 %

Own Vs. Rent