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420 Egerton Street, London, Ontario N5W 3Z3
  • 420 Egerton Street, London, Ontario  N5W 3Z3
  • 420 Egerton Street, London, Ontario  N5W 3Z3
  • 420 Egerton Street, London, Ontario  N5W 3Z3
  • 420 Egerton Street, London, Ontario  N5W 3Z3
  • 420 Egerton Street, London, Ontario  N5W 3Z3
  • 420 Egerton Street, London, Ontario  N5W 3Z3
  • 420 Egerton Street, London, Ontario  N5W 3Z3
  • 420 Egerton Street, London, Ontario  N5W 3Z3
  • 420 Egerton Street, London, Ontario  N5W 3Z3
  • 420 Egerton Street, London, Ontario  N5W 3Z3
  • 420 Egerton Street, London, Ontario  N5W 3Z3

420 Egerton Street, London, Ontario N5W 3Z3

$600,000

Listing ID: 40534328
  • 4Bedrooms
  • 3Bathrooms
  • 4Parking Space(s)
Property Type
Building Type
Storeys
2
Title
Freehold
Land Size
0.057 0.057 ac|under 1/2 acre

Description

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:41195)

Details

Appliances Included
Laundry- Coin operated
Zoning Description

Building

Bathrooms (Partial)
Bathrooms (Total)
3
Cooling
None
Exterior Finish
Brick, Vinyl siding
Foundation Type
Poured Concrete
Heating Fuel
Heating Type
Forced air
Style
Duplex
Water
Municipal water
Utility Sewer
Municipal sewage system
Flooring
Fireplace
Basement Development
Full (Partially finished)
Bedrooms Above Grade
Listed by CENTURY 21 FIRST CANADIAN CORP., BROKERAGE

Presented By

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Presented By:

SUTTON PREFERRED

SUTTON PREFERRED

181 COMMISSIONERS ROAD WEST, London ON N6J1X9

Office: (519) 438-2222
Fax: (519) 438-1886

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  • Professionalism brought us to Joyce in the first place and we are pleased with the results.

    Joyce was attentive to our needs and we found the marketing of our property to be extensive and thorough.

    Joyce also helped us find our dream home!

    We would not hesitate to recommend her and her team for anyone’s future real estate needs, whether buying or selling.

    Sharron Miller and Bill Hopkins

    Sharron Miller and Bill Hopkins

  • so very happy we chose Sheri and Terry ..Teambeckett as agents to list and sell our home. Both very professional and knowledgeable realtors. They do their homework , and Sheri made us feel confident that she would sell our house , and she did just that in a weeks time! Thank you again Sheri and Terry

    Donna Kirkpatrick

    Donna Kirkpatrick

  • Joyce was just super in finding us a home and getting us around London which we did not know well.

    Your checklists are very helpful and her pleasant disposition made the whole experience of finding a new home a pleasant experience.

    Kerroll and Jim Hand

    Kerroll and Jim Hand

  • Hi Ty, Mike and I really thank you for selling our house. It was on the market 5 months with you know who and not one offer! We should of gone with you in the first place but our friends said we should list with a national chain, boy, were they wrong.

     

    From the moment you left our house, we were impressed. We were on MLS within an our, we had 2 virtual tours and you even did feature sheets and neighbourhood marketing the next day!

     

    I now know why you sell homes! You sold ours in 4 days, and $6,450 more than when we had it listed with 11111111.

    We’ve told everybody we know about how good and gracious you were to us.

    Thankyou, thankyou thankyou

    Marcia

    Marcia

  • We started our search for our first home in August 2021 and Sheri showed us countless homes and helped us put in offers on all of the ones we loved. Never did we feel pressured to put a high amount in or bid on homes that we didn’t like. She was very professional and knowledgeable answering all our questions and giving her opinion when asked. She included our son in all of the visits giving him his own flashlight so he could look around. I highly recommend Team Beckett! – kayla moura

     

    Kayla Moura

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420 Egerton Street, London, Ontario N5W 3Z3
$600,000
40534328
Subject Take a look at this property MLS Number# 40534328

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