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420 Egerton Street London, Ontario N5W 3Z3

4 Bedroom 3 Bathroom
Central Air Conditioning Forced Air

$550,000

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. (id:53488)

Property Details

MLS® Number X9295796
Property Type Single Family
Community Name East M
AmenitiesNearBy Public Transit, Place Of Worship, Park
CommunityFeatures School Bus, Community Centre
Features Flat Site
ParkingSpaceTotal 4

Building

BathroomTotal 3
BedroomsAboveGround 4
BedroomsTotal 4
Appliances Dryer, Refrigerator, Stove, Washer
BasementType Full
CoolingType Central Air Conditioning
ExteriorFinish Vinyl Siding, Brick
FoundationType Block, Poured Concrete
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 2
Type Duplex
UtilityWater Municipal Water

Parking

Detached Garage

Land

Acreage No
LandAmenities Public Transit, Place Of Worship, Park
Sewer Sanitary Sewer
SizeFrontage 33 M
SizeIrregular 33 X 75 Acre
SizeTotalText 33 X 75 Acre|under 1/2 Acre
ZoningDescription R2-2

https://www.realtor.ca/real-estate/27355871/420-egerton-street-london-east-m

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Diogo Barreira
Salesperson


Century 21 First Canadian Corp

Robert Magier
Salesperson


Century 21 First Canadian Corp

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Sales Representative for Royal Lepage Triland Realty, Brokerage

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