420 EGERTON ST new Save Request In-Person Tour Request Virtual Tour
London,ON N5W 3Z3
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision East M
MLS Listing ID X11985707
Style 2-Storey
Bedrooms 4
Annual Tax Amount $3,634
Tax Year 2025
Property Sub-Type Duplex
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 10.9%+ 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.
Location
Province ON
County Middlesex
Community East M
Area Middlesex
Rooms
Family Room No
Basement Full
Kitchen 3
Interior
Interior Features None
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Topography Flat
Lot Frontage 33.0
Lot Depth 75.0
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