302 Egerton Street London East, Ontario N5Z 2G7
$549,000
Fantastic investment opportunity in the heart of London, Ontario - All brick Duplex is currently being used as a Triplex - Annual income of $59,400/year, delivering a 9.7% cap rate! The upper unit features 3 bedrooms and 1 bath, rented at $1,800/month plus hydro. The main floor 2-bedroom, 1-bath unit is rented for $1,600/month inclusive and will be vacant as of May 15, 2025 a perfect opportunity for an owner-occupier or to place new tenants at market rent. The lower level offers a well-kept 2-bedroom, 1-bath unit currently rented at $1,550/month inclusive. A great choice for first-time investors or those looking to expand their portfolio, don't miss out! Each unit has its own private entrance and in-suite laundry, plus there are two hydro meters, ample rear parking, and a tankless water heater for added energy efficiency. Please note: listing photos were taken when units were vacant. (id:53488)
Property Details
| MLS® Number | X12108374 |
| Property Type | Multi-family |
| Community Name | East M |
| Features | In-law Suite |
| Parking Space Total | 4 |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 5 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 7 |
| Amenities | Separate Electricity Meters |
| Basement Features | Apartment In Basement |
| Basement Type | Full |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 100 Ft |
| Size Frontage | 33 Ft |
| Size Irregular | 33 X 100 Ft |
| Size Total Text | 33 X 100 Ft |
https://www.realtor.ca/real-estate/28224782/302-egerton-street-london-east-east-m-east-m
Contact Us
Contact us for more information
Daniel Brzozowski
Salesperson
420 York Street
London, Ontario N6B 1R1
(519) 673-3390
Rob Hanson
Salesperson
660 Maitland Street
London, Ontario N5Y 2V8
(519) 204-5055
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May 13 2025 11:51:11
London and St. Thomas Association of REALTORS®
Century 21 First Canadian Corp, Thrive Realty Group Inc.
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Sales Representative for Royal Lepage Triland Realty, Brokerage
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Shelby Pearce
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Sales Representative for Royal Lepage Triland Realty, Brokerage
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