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:55598)
- MLS® X8337666
- Date Listed05/14/2024
- Days on Realty 62 Days
- Bedrooms 4
- Bathrooms 3 baths
- Lot Size -
- Sewer Other
- Subdivision East M
- Property Type Duplex
- Water Public
Interior Features
- Appliances Water Heater, Dryer, Refrigerator, Stove, Washer
- Heating Forced Air, Natural Gas
Exterior / Lot Features
- Roof -
- Lot Size Acres -
- Lot Size SQFT -
- Lot Features -
Nearby Schools
Source: School Digger
Sales & Tax History
Source: Public Records
88/100
Very Walkable
Walk Score ®
51/100
Good Transit
Transit Score ®
72/100
Very Bikeable
Bike Score ®
Overview
Most errands can be accomplished on foot. Many nearby public transportation options. Biking is convenient for most trips.Transit Summary
9 nearby routes: 9 bus, 0 rail, 0 other
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 54/100, Transit Score: 47/100, Bike Score: 58/100.
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Frequently Asked Questions for 420 EGERTON STREET
Source: Realty.com
420 EGERTON STREET, London, ON N5W3Z3 is a Duplex, Residential property listed for $575,000 The property is 0 sq. ft with 4 bedrooms and 3 bathrooms
Realty.com has 11 photos of 420 EGERTON STREET.
The full address for this home is 420 EGERTON STREET, London, ON N5W3Z3.
420 EGERTON STREET has been listed on Realty.com since Tue May 14, 2024
Most errands can be accomplished on foot. Many nearby public transportation options. Biking is convenient for most trips.
The average walkability score in the surrounding area is Walk Score: 54/100, Transit Score: 47/100, Bike Score: 58/100.
Listing provided courtesy of:
CENTURY 21 FIRST CANADIAN CORP
(tel: (519) 673-3390)
Listing agent:
DIOGO BARREIRA
(tel: (519) 673-3390)
This content last refreshed on 2024-07-15 19:37:11. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 420 EGERTON STREET, London, ON N5W3Z3 : MLS® X8337666