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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:56191)

Property Details

MLS® Number X9295796
Property Type Single Family
Community Name East M
Amenities Near By Public Transit, Place Of Worship, Park
Community Features School Bus, Community Centre
Features Flat Site
Parking Space Total 4

Building

Bathroom Total 3
Bedrooms Above Ground 4
Bedrooms Total 4
Appliances Dryer, Refrigerator, Stove, Washer
Basement Type Full
Cooling Type Central Air Conditioning
Exterior Finish Vinyl Siding, Brick
Foundation Type Block, Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Type Duplex
Utility Water Municipal Water

Parking

Detached Garage

Land

Acreage No
Land Amenities Public Transit, Place Of Worship, Park
Sewer Sanitary Sewer
Size Frontage 33 M
Size Irregular 33 X 75 Acre
Size Total Text 33 X 75 Acre|under 1/2 Acre
Zoning Description R2-2

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

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