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420 Egerton Street London, Ontario N5W 3Z3

4 Bedroom 3 Bathroom
Forced Air

$575,000

Welcome to this outstanding investment opportunity near the Western Fair District! This renovated duplex offers an impressive 8.47% REAL cap rate, making it a solid choice for savvy investors looking to expand their portfolio. This will cashflow at $1300/mo+ at todays interest rates. With an 12%+ Cash ROI and 20% 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. The main 2-bedroom units is currently leased for $1,800 per month, while the bachelor suite commands a rental rate of $1,000 per month. The upper 2 bedroom unit is currently vacant and in the process of being leased for $1900/mo. Additionally, the garage space generates an extra $500 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:19173)

Property Details

MLS® Number X8337666
Property Type Single Family
Community Name East M
Amenities Near By Place Of Worship, Public Transit, Schools
Community Features Community Centre
Features Flat Site
Parking Space Total 4

Building

Bathroom Total 3
Bedrooms Above Ground 4
Bedrooms Total 4
Appliances Water Heater, Dryer, Refrigerator, Stove, Washer
Basement Features Apartment In Basement, Separate Entrance
Basement Type N/a
Exterior Finish Brick, Vinyl Siding
Foundation Type Block
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 Place Of Worship, Public Transit, Schools
Sewer Sanitary Sewer
Size Depth 75 Ft
Size Frontage 33 Ft
Size Irregular 33 X 75 Ft
Size Total Text 33 X 75 Ft|under 1/2 Acre
Zoning Description R2-2

https://www.realtor.ca/real-estate/26893233/420-egerton-street-london-east-m

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