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420 Egerton St

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

4
Beds
3
Baths
$524,900
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
45 days on market

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 10.9%+ Cash ROI and 19% ROI when factoring in... Show More

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 10.9%+ Cash ROI and 19% 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 will surely 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 $1,100 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, the 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 Details

Size

Sq. Ft. Not Available
4 Beds
4 Above Grade
3 Baths

Parking

4 Parking Spaces
-

Build

Year Built
1926 - 1974
Model Name
-
Basement
Full
Exterior
Brick, Vinyl Siding
Foundation
Block, Poured Concrete
Builder Name
-
Stories
-
Flooring
-
Roof
Asphalt Shingle

Heating & Cooling

Heating
Forced Air
Cooling
Central Air

Utilities

Water
-
Sewer
Sewer
SHOW LESS

Ownership Details

Ownership

Title
Freehold
Zoning
-

Taxes

Property Tax Year
2025-01-01
Property Tax Amount
$3,634

Source

Listing Brokerage

MLS® Listing
X11985707
Last Updated
February 24, 2025
Brokerage
CENTURY 21 FIRST CANADIAN CORP
Call us 800-591-0566

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