420 Egerton Street London, Ontario N5W 3Z3
$524,900
Welcome to this outstanding investment opportunity near the Western Fair District! This renovated duplex offers an impressive 7.6% REAL cap rate, making it a solid choice for savvy investors looking to expand their portfolio. This will cashflow at $1000/mo+ at today's interest rates. With a 10.9%+ Cash ROI and 19% ROI when factoring in principal repayment, this is a better return than both GICs and the stock market. With two spacious 2-bedroom units, a comfortable bachelor suite, and a rentable garage space, this property will surely exceed your investment expectations. Each of the 2-bedroom units is currently leased for $1,700 per month, while the bachelor suite commands a rental rate of $1,100 per month. Additionally, the garage space can generate an extra $400 per month in income, resulting in a robust revenue stream. This property is close to schools, parks, shopping, the Western Fair complex, 100 Kellogg Lane, and public transportation, making it an attractive choice for prospective tenants. Don't miss out on this rare opportunity to secure a high-yield, income-generating duplex with immense potential for the future. (id:41954)
Property Details
| MLS® Number | X11985707 |
| Property Type | Single Family |
| Community Name | East M |
| Amenities Near By | Public Transit, Place Of Worship, Park |
| Community Features | School Bus, Community Centre |
| Features | Flat Site |
| Parking Space Total | 4 |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 4 |
| Bedrooms Total | 4 |
| Basement Type | Full |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Vinyl Siding, Brick |
| Foundation Type | Block, Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| Detached Garage | |
| Garage |
Land
| Acreage | No |
| Land Amenities | Public Transit, Place Of Worship, Park |
| Sewer | Sanitary Sewer |
| Size Irregular | 33 X 75 Acre |
| Size Total Text | 33 X 75 Acre|under 1/2 Acre |
| Zoning Description | R2-2 |
https://www.realtor.ca/real-estate/27946067/420-egerton-street-london-east-m
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February 24 2025 06:50:44
London and St. Thomas Association of REALTORS®
Century 21 First Canadian Corp