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420 Egerton St

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

4
Beds
3
Baths
$550,000
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
73 days on market

Quick Summary

  • Impressive 7.6% REAL cap rate for savvy investors
  • Robust $1000+/mo cashflow at today's interest rates
  • Exceptional 10%+ Cash ROI and 18% ROI with principal
  • Two spacious 2-bedroom units with $1,700/mo rents
  • Comfortable bachelor suite with $1,000/mo rent
  • Rentable garage space generating $400/mo income
  • Convenient location near schools, parks, shopping
  • Close to Western Fair complex and public transit

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... 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%+ 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. (id:54626)

Property Details

Size

Sq. Ft. Not Available
across 2 floors
4 Beds
4 Above Grade
3 Baths
3 Full

Parking

4 Parking Spaces
Detached Garage

Build

Year Built
-
Model Name
-
Basement
-
Exterior
Vinyl siding, Brick
Foundation
Block, Poured Concrete
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Forced air
Cooling
Central air conditioning

Utilities

Water
Municipal water
Sewer
Sanitary sewer
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Source

Listing Brokerage

MLS® Listing
X9295796
Last Updated
October 28, 2024
Brokerage
CENTURY 21 FIRST CANADIAN CORP
Powered by: REALTOR.ca
Call us 800-591-0566

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