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Royal LePage
Royal LePage
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$499,000

London East (East M) ON, N5Z 2G7

MLS® # X12377252

Property Information:

Fantastic investment opportunity in the heart of London - All brick Duplex is currently being used as a Triplex - Annual income of +$60,000 delivering a +10% CAP RATE! The upper unit features 3 bedrooms and 1 bath, rented at $1,800/month to month plus hydro. The main floor 2-bedroom, 1-bath was rented for $1,750/month inclusive, currently vacant. The lower level offers a 2-bedroom, 1-bath unit currently rented at $1,550/month, inclusive month-to-month. A great choice for first-time investors or those looking to expand their portfolio, don't miss out! Each unit has its own private entrance and in-suite laundry, plus there are two hydro meters, one furnace, ample rear parking, and a tankless water heater for added energy efficiency. Please note: listing photos were taken when units were vacant. (id:27)

Building Features:

  • Style: Duplex
  • Building Type: Duplex
  • Amenities: Separate Hydro Meters
  • Basement Type: Full
  • Exterior Finish: Brick
  • Floor Space: 1500 - 2000 sqft
  • Foundation Type: Block
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Water meter

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 5+2
  • Bathrooms: 3
  • Features:
  • Floor Space (approx): 1500 - 2000 Square Feet
  • Irregular: Yes
  • Lot Depth: 100.0 Feet
  • Lot Frontage: 33.0 Feet
  • Lot Size: 33 x 100 FT
  • Zoning: R2-2
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 4

Courtesy of: CENTURY 21 FIRST CANADIAN CORP, THRIVE REALTY GROUP INC.

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 302 EGERTON STREET, London East (East M), Ontario, N5Z 2G7

Demographic Information of 302 EGERTON STREET, London East (East M), Ontario, N5Z 2G7

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$79,581.57

Average Number of Children

1.61

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

24.59 %

High school certificate or equivalent

36.21 %

Apprenticeship trade certificate/diploma

6.78 %

College/non-university certificate

22.62 %

University certificate (below bachelor)

0.09 %

University Degree

9.71 %

Commuter

Travel To Work

By Car

81.45 %

By Public Transit

7.83 %

By Walking

5.9 %

By Bicycle

0.21 %

By Other Methods

4.61 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

26.78 %

Houses

73.22 %

Own Vs. Rent

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