420 Egerton Street, London

$600,000

4 Beds
3 Baths
1,408 Sqft
.06 Acres
1 Garages

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.

Essential Information
MLS® #40534328
Price$600,000
Bedrooms4
Bathrooms3.00
Square Footage1,408
Acres0.06
Year Built1930
TypeResidential Income
Sub-TypeDuplex Up/Down
StatusActive
Community Information
Address420 Egerton Street
AreaEast
SubdivisionEast M
CityLondon
CountyMiddlesex
ProvinceON
Postal CodeN5W 3Z3
Amenities
Parking Spaces4
ParkingDetached Garage
# of Garages1
Interior
Interior FeaturesNone
HeatingForced Air, Natural Gas
CoolingNone
Has BasementYes
BasementFull, Partially Finished
# of Stories2
Appliances

Hot Water Tank Owned, Refrigerator, Stove

Exterior
RoofAsphalt Shing
ConstructionVinyl Siding
FoundationBlock, Poured Concrete
Lot Description

Business Centre, City Lot, Library, Place of Worship, Public Transit, Rec./Community Centre, Schools

Additional Information
Days on Market90
Listing Details
Office

CENTURY 21 FIRST CANADIAN CORP., BROKERAGE

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