420 EGERTON Street, London | Image 1

420 EGERTON Street

London, East M

  • 4 bed 3 bath
$550,000 est.*: $1,863/mo
For Sale

Added 1 month ago

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  • Type: Duplex

  • Style: 2-Storey

  • Lot Size: 33 x 75 Acres

  • Age: 51-99 years

  • Taxes: $1,578 per year

  • Days on Site: 55 Days

  • Added: Sep 03, 2024 (1 month ago)

  • Updated:

  • Last Checked: 22 hours ago

  • MLS®#: X9295796

  • Listed By: Century 21 first canadian corp

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.

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Property

  • Status: Sale

  • Property Type: Duplex

  • Style: 2-Storey

  • Age: 51-99

  • Area: London

  • Community: East M

  • Assessment Amount: $108,000

  • Assessment Year: 2023

Inside

  • Bedrooms: 4

  • Bathrooms: 3

  • Kitchens: 2

  • Kitchens Plus: 1

  • Rooms: 10

  • Den/Family Room: No

  • Air Conditioning: Central Air

  • Fireplace: No

  • Washrooms: 3

Building

  • Basement: Full

  • Heat Type: Forced Air

  • Heat Source: Gas

  • Exterior: Brick

  • Exterior: Vinyl Siding

  • Elevator: N

  • Green Verification Status: N

  • Water Supply: Municipal

  • Special Designation: Unknown

Parking

  • Driveway: Private

  • Garage Spaces: 1

  • Garage Type: Detached

  • Covered Parking Spaces: 3

  • Total Parking Spaces: 4

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 2 PLAN 299(3RD) AS IN 809468 LONDON

  • Taxes: $1,578

Highlights

  • Feature: Library

  • Feature: Park

  • Feature: Place Of Worship

  • Feature: Public Transit

  • Feature: Rec Centre

  • Feature: School Bus Route

Land

  • Cross Street: BRYDGES

  • Municipality District: London

  • Fronting On: West

  • Parcel Number: 082980134

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 75 Acres

  • Lot Frontage: 33 Acres

  • Acres: < .50

  • Zoning: R2-2

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Very Walkable

  • Most errands can be accomplished on foot.
72 /100

Good Transit

  • Some errands can be accomplished by public transportation.
50 /100

Bikeable

  • Some errands can be accomplished on bike.
63 /100
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Map of 420 EGERTON Street, London
JK-8

Holy Cross Separate School

Elementary: Catholic
1.03 km
JK-8

Trafalgar Public School

Elementary: Public
0.90 km
JK-8

Aberdeen Public School

Elementary: Public
1.40 km
5-8

St Mary School

Elementary: Catholic
1.08 km
4-8

Lester B Pearson School for the Arts

Elementary: Public
1.13 km
JK-6

Académie de la Tamise

Elementary: Public
1.44 km
9-12

G A Wheable Secondary School

Secondary: Public
1.83 km
9-12

Thames Valley Alternative Secondary School

Secondary: Public
1.19 km
9-12

B Davison Secondary School Secondary School

Secondary: Public
1.19 km
9-12

John Paul II Catholic Secondary School

Secondary: Catholic
2.60 km
9-12

Catholic Central High School

Secondary: Catholic
1.98 km
9-12

H B Beal Secondary School

Secondary: Public
1.59 km

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