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5 + 2
BEDROOMS 3
BATHROOMS 2 + 1
KITCHENS 10 + 3
ROOMS X12845686
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Property Description
Fantastic investment opportunity in the heart of London - All brick Duplex is currently being used as a Triplex - Annual income of +$60,000 delivering a +10% CAP RATE! The upper unit features 3 bedrooms and 1 bath, rented at $1,800/month to month plus hydro. The main floor 2-bedroom, 1-bath was rented for $1,750/month inclusive, currently vacant. The lower level offers a 2-bedroom, 1-bath unit currently rented at $1,550/month, inclusive month-to-month. A great choice for first-time investors or those looking to expand their portfolio, don't miss out! Each unit has its own private entrance and in-suite laundry, plus there are two hydro meters, one furnace, ample rear parking, and a tankless water heater for added energy efficiency. Please note: listing photos were taken when units were vacant.
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Property Features
In-Law Capability, In-Law Suite, Separate Hydro Meter, Private
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Property Details
Address
302 Egerton Street
Community
City
Postal Code
N5Z 2G7
Property Type
Duplex, Duplex
Zoning
R2-2
Lot Size
33' x 100'
Taxes
$2,180 (2025
Basement
Apartment, Full
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
None
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Listing contracted with Century 21 First Canadian Corp
Well-maintained duplex located in desirable East London, offering a fantastic opportunity for both investors and owner-occupiers. Situated on a 40' x 140' lot, this property features two self-contained units: a spacious 3-bedroom, 1-bathroom main floor unit and a 2-bedroom, 1-bathroom upper unit. The main floor is currently tenanted at $2,047.95/month plus electricity, while the upper unit is vacant-ideal for setting your own rent or owner occupancy. Each unit is separately metered for electricity, with tenants responsible for their own hydro. The landlord covers gas and water expenses. The home is equipped with a hot water radiator heating system, one owned tankless water heater, and one rented water heater. Additional highlights include on-site parking for up to four vehicles and a large backyard storage shed (2021). Property taxes are $4,057 (2025). Conveniently located just minutes from the Western Fair District, BMO Centre, 100 Kellogg Lane, Old East Village, and downtown, this property offers strong rental potential in a vibrant and growing area.
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Licensed Duplex with separate Utilities Perfect for First Time Buyers , with income to help with the mortgage .3 Bedroom 1 Bathing front and 1 Bedroom 1 Bath in rear Close Parkwood and Victoria hospital . Perfect way to Start your Portfolio . Live in the upper unit and rent the lower unit or use as an Airbnb. Let the income pay your Mortgage. Name your own Rent, will be totally vacant .
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