Multi-family For Sale 420 Egerton Street, London, Ontario
Multi-family For Sale 420 Egerton Street, London, Ontario
Multi-family For Sale 420 Egerton Street, London, Ontario
Multi-family For Sale 420 Egerton Street, London, Ontario
Multi-family For Sale 420 Egerton Street, London, Ontario
Multi-family For Sale 420 Egerton Street, London, Ontario
Multi-family For Sale 420 Egerton Street, London, Ontario
Multi-family For Sale 420 Egerton Street, London, Ontario
Multi-family For Sale 420 Egerton Street, London, Ontario
Multi-family For Sale 420 Egerton Street, London, Ontario
Multi-family For Sale 420 Egerton Street, London, Ontario
11

Multi-family For Sale Active $575,000 420 EGERTON Street, london, Ontario

MLS#: 40585894

CENTURY 21 FIRST CANADIAN CORP., BROKERAGE
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Summary
Status
Active

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Address
420 EGERTON Street, london, Ontario
Size
1837.0000
Listing Type
For sale
Property Type
Multi-family
Commercial Type
Duplex

Photos

11

Description

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:15472)

Additional Information

Location
Land
Building
Financial
Sales Data
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City london
Province Ontario
PostalCode N5W3Z3
Country Canada
Location Description EAST ON HAMILTON ROAD FROM HIGHBURY AVE, NORTH ON EGERTON.
Subdivision East M
Community Features Community Centre
Street Address 420 EGERTON Street
Property TypeMulti-family
Transaction TypeFor sale
Ownership TypeFreehold
MLS #40585894
Ammenities NearByPlace of Worship, Public Transit, Schools
Size Total0.057 ac|under 1/2 acre
Size Frontage33 ft
Access TypeRoad access
AcreageNo
Land AmenitiesPlace of Worship, Public Transit, Schools
SewerMunicipal sewage system
Size Depth75 ft
Size Irregular0.057
FeaturesLaundry- Coin operated
Zoning DescriptionR2-2
Property TypeMulti-family
Stories Total 2
Size Interior 1837.0000
Type Duplex
Utility Water Municipal water
Parking Space Total 4
Bathroom Total 3
Bedrooms Total 4
Basement Development Partially finished
Basement Type Full (Partially finished)
Constructed Date 1930
Cooling Type None
Exterior Finish Brick, Vinyl siding
Fireplace Present False
Heating Fuel Natural gas
Heating Type Forced air
Price 575000.00
Listing Contract Date 2024-05-14
Lease 0.00
%

Specialists

Eugen Klein

B.Comm, FRI, CLO, CRES, ARM®, RI, CCIM, CIPS, ICD.D

Olga Tarasenko

B.Ling (BACHELOR OF LINGUISTICS), DIBM

Contact

For more details, please contact our specialists.

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Specialists

Eugen Klein

B.Comm, FRI, CLO, CRES, ARM®, RI, CCIM, CIPS, ICD.D

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