Welcome to 302 Egerton Street in London, Ontario; an excellent opportunity for first-time investors or a great addition to any growing portfolio. This full-brick legal duplex with a bonus third unit features separate entrances, in-unit laundry in all units, ample rear parking, two separate hydro meters and a tankless water heater for added efficiency. Fully tenanted, the property generates a net income of $26,754 annually, offering a 5% cap rate based on current income. The upper unit is a spacious 3-bedroom, 1-bath, rented for $1,800/month plus hydro. The main floor 2-bedroom, 1-bath unit brings in $1,600/month inclusive and will be vacant as of May 15, 2025 - ideal for owner-occupiers or new tenants at market rent. The lower level features a well-maintained 2-bedroom, 1-bath unit currently rented for $1,550/month inclusive. Dont wait - book your showing today! Photos show the property when vacant. (id:4069)
Address
302 EGERTON STREET
List Price
$549,000
Property Type
Multi-family
Type of Dwelling
Duplex
Area
Ontario
Sub-Area
London East (east M)
Bedrooms
7
Bathrooms
3
Floor Area
15,002,000 Sq. Ft.
Lot Size
33 x 100 FT Sq. Ft.
MLS® Number
X12108374
Listing Brokerage
CENTURY 21 FIRST CANADIAN CORP
| THRIVE REALTY GROUP INC.
Basement Area
Full
Postal Code
N5Z2G7
Features
In-Law Suite
Amenities
Separate Electricity Meters
