281 Egerton Street London East (East L), Ontario N5Z 2H1
$449,000
Fantastic investment opportunity with strong in-place cash flow and great tenants already secured. This up/down duplex is well-maintained and priced to reflect an attractive cap rate, making it a smart choice for investors seeking a turnkey addition to their portfolio. Formerly a triplex, the property is currently configured as two separate units with private entrances, separate hydro meters, shared laundry, and dedicated outdoor storage for each apartment. The main floor unit offers 9 ceilings, stainless steel appliances, and additional finished space in the basement including a rec room and denideal for tenant retention and rental value. The upper 1-bedroom unit is bright and welcoming, with solid income in place. Outside, theres parking for up to six vehicles and open space with potential to build a garage, offering further long-term value. Whether you're looking to grow your portfolio or enter the market with a reliable asset, this property delivers on both stability and upside. (id:41954)
Property Details
| MLS® Number | X12243385 |
| Property Type | Multi-family |
| Community Name | East L |
| Amenities Near By | Park |
| Equipment Type | Water Heater |
| Parking Space Total | 6 |
| Rental Equipment Type | Water Heater |
| Structure | Deck, Porch |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 4 |
| Amenities | Separate Electricity Meters |
| Appliances | Dryer, Two Stoves, Washer, Two Refrigerators |
| Basement Features | Separate Entrance |
| Basement Type | Full |
| Cooling Type | None |
| Exterior Finish | Concrete Block |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1100 - 1500 Sqft |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Fence Type | Fenced Yard |
| Land Amenities | Park |
| Sewer | Sanitary Sewer |
| Size Depth | 130 Ft |
| Size Frontage | 40 Ft |
| Size Irregular | 40 X 130 Ft |
| Size Total Text | 40 X 130 Ft |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Kitchen | 2.54 m | 2.26 m | 2.54 m x 2.26 m |
| Second Level | Bedroom | 3.89 m | 3.2 m | 3.89 m x 3.2 m |
| Second Level | Bedroom | 2.95 m | 3.38 m | 2.95 m x 3.38 m |
| Second Level | Living Room | 5.05 m | 2.95 m | 5.05 m x 2.95 m |
| Basement | Bedroom | 2.9 m | 3.28 m | 2.9 m x 3.28 m |
| Basement | Laundry Room | 3.45 m | 3.28 m | 3.45 m x 3.28 m |
| Basement | Utility Room | 4.06 m | 3.53 m | 4.06 m x 3.53 m |
| Main Level | Kitchen | 4.44 m | 3.15 m | 4.44 m x 3.15 m |
| Main Level | Living Room | 3.99 m | 6.3 m | 3.99 m x 6.3 m |
| Main Level | Bedroom | 4.2 m | 3.33 m | 4.2 m x 3.33 m |
https://www.realtor.ca/real-estate/28516826/281-egerton-street-london-east-east-l-east-l
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October 28 2025 01:36:40
Toronto Real Estate Board
Coldwell Banker The Real Estate Centre