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$524,900 CAD
420 EGERTON ST
London, Ontario N5W 3Z3
Canada
London, Ontario N5W 3Z3
Canada
4 bedrooms
3 baths
Residential For Sale, Multi Family
Sale price per sqm: 0
Remarks:
Welcome to this outstanding investment opportunity near the Western Fair District! This renovated duplex offers an impressive 7.6% REAL cap rate, making it a solid choice for savvy investors looking to expand their portfolio. This will cashflow at $1000/mo+ at today's interest rates. With a 10.9%+ Cash ROI and 19% 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 rentable garage space, this property will surely exceed your investment expectations. Each of the 2-bedroom units is currently leased for $1,700 per month, while the bachelor suite commands a rental rate of $1,100 per month. Additionally, the garage space can generate an extra $400 per month in income, resulting in a robust revenue stream. This property is close to schools, parks, shopping, the 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.
Features:
- Location: Neighborhood: East M
- Exterior Description: Vinyl Siding
- Heating System: Forced Air
- Cooling System: Central Air Conditioning (zoned)
Location:
420 EGERTON ST, London, Ontario N5W 3Z3, Canada
Listed By CENTURY 21 First Canadian Corp. Brokerage
The Residential For Sale, Multi Family located at 420 EGERTON ST, London, Ontario N5W 3Z3, Canada is currently for sale. 420 EGERTON ST, London, Ontario N5W 3Z3, Canada is listed for $524,900 CAD. This property has 4 bedrooms, 3 bathrooms. If the property located at 420 EGERTON ST, London, Ontario N5W 3Z3, Canada isn't what you're looking for, search Ontario Real Estate to see other Homes For Sale in London.