$ 550,000
420 EGERTON ST London, ON N5W 3Z3
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 550,000
Est. payment /mo
Active
420 EGERTON ST London, ON N5W 3Z3
4 Beds
3 Baths
UPDATED:
10/28/2024 02:27 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID X9295796
Style 2-Storey
Bedrooms 4
Annual Tax Amount $1,578
Tax Year 2024
Property Description
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.
Location
State ON
County Middlesex
Area East M
Rooms
Family Room No
Basement Full
Kitchen 3
Interior
Interior Features None
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Garage Private
Garage Spaces 3.0
Pool None
Waterfront No
Roof Type Asphalt Shingle
Topography Flat
Parking Type Detached
Total Parking Spaces 4
Building
Unit Features School Bus Route,Rec./Commun.Centre,Public Transit,Place Of Worship,Library,Park
Foundation Block, Poured Concrete
New Construction false
Others
Security Features Carbon Monoxide Detectors
Listed by CENTURY 21 FIRST CANADIAN CORP