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420 Egerton Street London, Ontario N5W 3Z3

4 Bedroom 3 Bathroom 1408
None Forced Air

$629,900

Welcome to this outstanding investment opportunity near the Western Fair District! This renovated duplex offers an impressive 7.35% REAL cap rate, making it a solid choice for savvy investors looking to expand their portfolio. This will cashflow at $900/mo+ at todays interest rates. With an 8%+ Cash ROI and 13% 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 rented garage space, this property is sure to exceed your investment expectations. Each of the 2-bedroom units is currently leased for $1,800 per month, while the bachelor suite commands a rental rate of $1,000 per month. Additionally, the garage space generates 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:45615)

Property Details

MLS® Number 40498379
Property Type Multi-family
Amenities Near By Place Of Worship, Public Transit, Schools
Community Features Community Centre
Features Laundry- Coin Operated
Parking Space Total 4

Building

Bathroom Total 3
Bedrooms Total 4
Basement Development Partially Finished
Basement Type Full (partially Finished)
Constructed Date 1930
Cooling Type None
Exterior Finish Brick, Vinyl Siding
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 1408
Type Duplex
Utility Water Municipal Water

Parking

Detached Garage

Land

Access Type Road Access
Acreage No
Land Amenities Place Of Worship, Public Transit, Schools
Sewer Municipal Sewage System
Size Depth 75 Ft
Size Frontage 33 Ft
Size Irregular 0.057
Size Total 0.057 Ac|under 1/2 Acre
Size Total Text 0.057 Ac|under 1/2 Acre
Zoning Description R2-2

https://www.realtor.ca/real-estate/26195655/420-egerton-street-london


DIOGO BARREIRA
Salesperson

(519) 709-7843
(519) 673-6789
www.DIOGO-BARREIRA.c21.ca
CENTURY 21 FIRST CANADIAN CORP., BROKERAGE
420 York Street
London, Ontario N6B 1R1

(519) 673-3390
(519) 673-6789
firstcanadian.c21.ca/
facebook.com/C21First
instagram.com/c21first

CENTURY 21 FIRST CANADIAN CORP., BROKERAGE
420 York Street
London, Ontario N6B 1R1

(519) 673-3390
(519) 673-6789
firstcanadian.c21.ca/
facebook.com/C21First
instagram.com/c21first

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