420 EGERTON Street, London, Ontario, N5W3Z3
Bathrooms3Bedrooms4
Property TypeMulti-familyBuilt in1930
Lot Size0.06 acresBuilding Area1837

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:15069)


Details
Amenities NearbyPlace of Worship, Public Transit, SchoolsCommunity FeaturesCommunity Centre
FeaturesLaundry- Coin operatedOwnershipFreehold
Parking Spaces4TransactionFor sale
Zoning DescriptionR2-2
Building
Basement DevelopmentPartially finishedBasementFull (Partially finished)
Constructed Date1930CoolingNone
Exterior FinishBrick, Vinyl sidingFoundationPoured Concrete
Bathrooms (Total)3Heating FuelNatural gas
HeatingForced airSize Interior1837.0000
Storeys Total2TypeDuplex
Utility WaterMunicipal water
Land
Size Total0.057 ac|under 1/2 acreSize Frontage33 ft
Access TypeRoad accessAmenitiesPlace of Worship, Public Transit, Schools
SewerMunicipal sewage systemSize Depth75 ft
Size Irregular0.057

Listing Office: CENTURY 21 FIRST CANADIAN CORP., BROKERAGE

Data Provided by London and St. Thomas Association of REALTORS®

Last Modified :10/04/2024 10:45:47 AM

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