ON > London > East M
London, ON N5W 3Z3,420 EGERTON ST
London, ON N5W 3Z3,420 EGERTON ST
London, ON N5W 3Z3,420 EGERTON ST
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$524,900
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4 BD
3 BA
New

420 EGERTON ST London, ON N5W 3Z3

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Jeremy Creed

Jeremy Creed

+1(416) 671-8471

UPDATED:

02/24/2025 06:10 PM

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

Listed by CENTURY 21 FIRST CANADIAN CORP

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agent

Jeremy Creed

Marketing Director

+1(416) 671-8471

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420 EGERTON ST