420 Egerton Street, London, Ontario N5W3Z3

$575,000

420 Egerton Street

London, Ontario N5W3Z3

4
Beds
3
Baths

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:46891)

Status
Active
MLS®
X8337666
Time on Resider.ca
2 months
Office
CENTURY 21 FIRST CANADIAN CORP
Region
East M

Property features

Bedrooms
4
Bathrooms
3
Property Type
Single Family
Structure Type
Duplex
Parking Total
4
Parking Features
Detached Garage
Basement
Apartment in basement, Separate entrance, N/A
Heating
Forced air, Natural gas
Appliances
Washer, Refrigerator, Stove, Dryer, Water Heater

Lot features

Lot Features
Flat site

Strata features

Community Features
Community Centre

Frequently asked questions for 420 Egerton Street