420 EGERTON St

East M, London, N5W 3Z3
FOR SALE
$550,000
Expired
$0
420 EGERTON St, London
420 EGERTON St
420 EGERTON St
420 EGERTON St
420 EGERTON St
420 EGERTON St
420 EGERTON St
420 EGERTON St
420 EGERTON St
420 EGERTON St
4
BEDROOMS
3
BATHROOMS
2 + 1
KITCHENS
10 + 3
ROOMS
X9295796
MLSID
Contact Us
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-09-03 2024-11-02 60 $550,000 - Expired
2024-09-03 2024-11-02 60 $550,000 - Expired
2024-05-14 2024-08-16 94 $550,000 - Expired
Property Description
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.
Property Features
Library, Park, Place Of Worship, Public Transit, Rec Centre, School Bus Route
Property Details
Community
City
Property Type
Duplex, 2-Storey
Lot Size
33' x 75'
Acreage
< .50
Fronting
West
Taxes
$1,578 (2024)
Basement
Full
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
Detached
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