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420 Egerton St

Egerton St, Old East Village, London, ON, N5W 3Z3

4
Beds
3
Baths
1,837
Sq. Ft.
$575,000
List Price
Details
Photos
11
Comparables
History
420 Egerton St, London, ON - 1 of 3
420 Egerton St, London, ON - 2 of 3
420 Egerton St, London, ON - 3 of 3
New
18 days on market

Quick Summary

  • Impressive 8.47% REAL cap rate for savvy investors
  • Robust $1300+/mo cashflow at today's interest rates
  • Excellent 12%+ Cash ROI and 20% ROI with principal
  • Two spacious 2-bedroom units and a bachelor suite
  • Rented garage space provides additional $500/mo income
  • Main 2-bed unit leased at $1,800/mo, bachelor at $1,000/mo
  • Upper 2-bed unit in process of being leased at $1,900/mo
  • Conveniently located near schools, parks, shopping, transit

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... Show More

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:54626)

Property Details

Size

1,837 sq. ft.
across 2 floors
4 Beds
3 Baths
3 Full

Parking

4 Parking Spaces
Detached Garage

Lot

Size
396′0″ * 900′0″
Acres
-

Build

Year Built
1930
Model Name
-
Basement
Partially finished
Exterior
Brick, Vinyl siding
Foundation
-
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Forced air
Cooling
None

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
40585894
Last Updated
May 31, 2024
Brokerage
CENTURY 21 FIRST CANADIAN CORP., BROKERAGE
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