$550,000
FOR SALE

Duplex 2-Storey

Bedrooms: 4Bathrooms: 3Lot: 33 x 75 acres
2024 Taxes: $1,578

420 EGERTON St
London, ON N5W 3Z3 | East M | Middlesex

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%+ Cash ROI and 18% 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 is sure to 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 $1,000 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, 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. Contact us today to schedule a viewing and take the first step toward growing your real estate investment portfolio.
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Listed By CENTURY 21 FIRST CANADIAN CORP
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9295796
Last Updated Sep 03, 2024
Property Summary
Property Type Duplex

More like this:
PIN 082980134
Legal Description PT LT 2 PLAN 299(3RD) AS IN 809468 LONDON
Taxes (2024) $1,578
Assessment (2023) $108,000
Directions/Cross Streets BRYDGES
Neighbourhood East M
Area Middlesex
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Fronting On W
Property Features Library, Park, Place Of Worship, Public Transit, Rec Centre, School Bus Route
Special Designations Unknown
Bedrooms 4
Bathrooms 3
Rooms 10+3
Kitchens 2+1
Lot 33 x 75 acres
Acreage <.50
Approximate Age 51-99
Exterior Brick, Vinyl Siding
Elevator N
Air Conditioning Central Air
Family Room N
Fireplace/Stove N
Pool None
Basement Full
Drive Private
Garage Spaces 1.0
Garage Type Detached
Parking Spaces 3
Total Parking Spaces 4.0
Heat Source Gas
Heat Type Forced Air
Sewers Sewers
Water Municipal
Zoning R2-2
Seller Property Info Statement N
Bathrooms
Pieces Level
32nd
3Main
4Bsmt

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