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Royal LePage
Royal LePage
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$524,900

420 EGERTON STREET, London, Ontario, N5W 3Z3

QuickQuoteTM: $454K - $553K
MLS® # X11985707

4 Beds

3 Baths

Property Information:

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. (id:27)

Building Features:

  • Style: Duplex
  • Building Type: Duplex
  • Basement Type: Full
  • Exterior Finish: Vinyl siding, Brick
  • Foundation Type: Block, Poured Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning

Property Features:

  • Property Type: Single Family
  • Bedrooms: 4
  • Bathrooms: 3
  • Amenities Nearby: Public Transit, Park
  • Community Features: School Bus, Community Centre
  • Features: Flat site
  • Irregular: Yes
  • Lot Size: 33 x 75 Acre
  • Zoning: R2-2
  • Sewer: Sanitary sewer
  • Parking Type: Detached garage, Garage
  • No. of Parking Spaces: 4

Courtesy of: CENTURY 21 FIRST CANADIAN CORP

REALTOR.ca  

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Location of 420 EGERTON STREET, London, Ontario, N5W 3Z3

Demographic Information of 420 EGERTON STREET, London, Ontario, N5W 3Z3

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$63,468.68

Average Number of Children

1.49

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.58 %

High school certificate or equivalent

38.79 %

Apprenticeship trade certificate/diploma

4.25 %

College/non-university certificate

21.31 %

University certificate (below bachelor)

1.6 %

University Degree

15.47 %

Commuter

Travel To Work

By Car

76.63 %

By Public Transit

16.16 %

By Walking

4.92 %

By Bicycle

0.0 %

By Other Methods

2.29 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

56.19 %

Houses

43.81 %

Own Vs. Rent

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