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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

$575,000

Listing ID: 40585894
  • 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 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:41195)

Details

Appliances Included
Laundry- Coin operated
Zoning Description

Building

Bathrooms (Partial)
Bathrooms (Total)
3
Cooling
None
Exterior Finish
Brick, Vinyl siding
Foundation Type
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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SUTTON PREFERRED

SUTTON PREFERRED

181 COMMISSIONERS ROAD WEST, London ON N6J1X9

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

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  • My husband and I recently purchased a house in London, Ontario with the help of Blair Patton.  We were thrilled with our results.  Blair was a professional agent who understood very quickly what we were looking for.  He was very knowledgeable with the different areas in London and the value of the homes for sale.  At the time of negotiation he worked hard to represent us properly and negotiate over and above our expectation.  We would highly recommend Blair when buying or selling your home in London!

    Jerry & Laurie

  • I appreciated the expertise and knowledge Joyce demonstrated in selling my condo.

    She used so many means of advertising; her website, extra photos on MLS.ca and more!

    Joyce and her team followed up on every inquiry about my property and were most thorough and speedy in reporting back to me!

    Pauline Mercer

    London Ontario

    Pauline Mercer

  • My goodness, it has been one month now that we are in our home in Sunningdale, thank you so much for recommending that neighbourhood, it’s close for Julius to get downtown and for me, well , less than 5 minutes to the hospital!

    You were a huge hit with our kids, do you want to adopt them! Just kidding, we love them dearly and we really were touched how you took your precious time to show us some of the great produce places, the arena for Mark and of course, the two great restaurants we went to.

    Our door is always open, please do drop by Ty!

    The best

    Margaret Canusco

    Margaret Canusco

  • “Bravo to Joyce and her Team!

    When we decided to sell and purchase something smaller, Joyce Byrne was referred to us.

    It didn’t take us long to realize we had picked the right team.  Each team member is a professional in their specific area.

    This can be a very stressful time, Joyce’s Team seem to have the ability to take the edge off. Every aspect of the real estate world was handled with courtesy, professionalism, knowledge and promptness.

    What more can you ask for?  I would be an honour to be used as references for this exceptional Team”

    “YOU GO BYRNE TEAM

    Mike and Ruth Wilds

    Mike and Ruth Wilds

  • Ty Lacroix is extremely personable and down-to-earth.  The process of buying a condo was made easier by the mere fact that Ty is so open and trustworthy.  After seeing only two homes and discussing my ideal living space, he found the perfect place for the perfect price.

    He was also extremely reliable and even came to me to sign papers when my schedule was not conducive to meeting up with him.

    I will definitely buy my next home with him if I am still in the London area!!

    Rachel Mallon

    Rachel Mallon

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420 Egerton Street, London, Ontario N5W 3Z3
$575,000
40585894
Subject Take a look at this property MLS Number# 40585894

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