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CAONLondonEast London420 Egerton St
420 Egerton St, Home with 4 bedrooms, 3 bathrooms and 3 parking in London ON | Image 1
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$499,900

420 Egerton St, London, ON

Real Estate

For Sale

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433
  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential
Size -
Garage Yes
Taxes $3,634
Days Active 0
Lot Size 
Approx. Age 
MLS® Number X12151478

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
-
No Data
Walk Score®
-
No Data
Transit Score®
-
No Data
Bike Score®
MLS® NumberX12151478
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age
BasementFull
DrivewayGarage Type:Detached
Garage Spaces
HeatGas, Forced Air
A/CCentral Air
Heating Fuel

Extras

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