420 EGERTON Street For Sale

London, East M, N5W 3Z3

$550,000

Description

Listed by CENTURY 21 FIRST CANADIAN CORP.

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%+ Cash ROI and 18% 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 is sure to 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 $1,000 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, 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.

Location

View Map
  • Address: 420 EGERTON Street
  • Neighborhood: East M
  • City: London
  • State: Ontario
  • Postal Code: N5W 3Z3

Property Details

  • Property ID: X9295796
  • Property Price: $550,000
  • Style: Duplex, 2-Storey
  • Rooms: 10+3
  • Bedrooms: 4
  • Bath: 3
  • Garages Spaces: 1
  • Garage: Detached
  • Parking Spaces: 4
  • Year Built: 51-99
  • A/C: Central Air
  • Basement: Full
  • Den: N
  • Elevator: N
  • Exterior: Brick, Vinyl Siding
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $1,578.00 (2024)
  • Acreage: < .50 Acres
  • Lot: 75.00x33.00 (Acres)

Property History

This property has been sold 9 times before. To view this property's sale price history please sign in or register:


Sign In / Register

Recently Sold

    • Sold 69 days ago

    1233 YORK Street

    London, East M, N5W 2V1

    $599,900

    $000000

    • Sold 78 days ago

    7065 Longwoods Road

    London, South V, N6P 1B6

    $524,900

    $000000

    • Sold 84 days ago

    113 Eagle Avenue

    Brantford, N3S 1Z6

    $599,900

    $000000

  • Contact Manoj Kukreja

    Sales Representative, Re/max Premier Inc., Brokerage
    (647) 576 - 2100

    Nearby Listings

    • For Sale

    196-198 Clarence Street

    London, N6B 2J7

    • 4+0 Bedrooms
    • 2 Bath
    • 1100-1500 sq ft
    • 2 Garage
    • For Sale

    793 Nelson Street

    London, East L, N5Z 1K2

    • 4 Bedrooms
    • 2 Bath
    • 1500-2000 sq ft
    • 2 Garage
    • For Sale

    553 Quebec Street

    London, N5W 3Y9

    • 4 Bedrooms
    • 2 Bath
    • For Sale

    28 BEATTIE Avenue

    London, East N, N5W 2N8

    • 4 Bedrooms
    • 2 Bath
    • 1500-2000 sq ft
    • 2 Garage
    • For Sale

    465 Ontario Street

    London, East E, N5W 3X1

    • 4+2 Bedrooms
    • 3 Bath
    • For Sale

    56 Riverview Avenue

    London, South E, N6J 1A2

    • 4 Bedrooms
    • 2 Bath
    • For Sale

    58 Winding Way

    London, North F, N6G 3G2

    • 4 Bedrooms
    • 3 Bath
    • For Sale

    22 PALACE Street

    London, East F, N6B 3A6

    • 4+4 Bedrooms
    • 2 Bath
    • 2500-3000 sq ft
    • For Sale

    879 Hellmuth Avenue

    London, East B, N6A 3T9

    • 4 Bedrooms
    • 3 Bath
    • 1 Garage