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$ 549,000
Est. payment /mo
New
302 Egerton ST London East, ON N5Z 2G7
7 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision East M
MLS Listing ID X12108374
Style 2-Storey
Bedrooms 7
Annual Tax Amount $2,045
Tax Year 2024
Property Sub-Type Duplex
Property Description
Fantastic investment opportunity in the heart of London, Ontario - All brick Duplex is currently being used as a Triplex - Annual income of $59,400/year, delivering a 9.7% cap rate! The upper unit features 3 bedrooms and 1 bath, rented at $1,800/month plus hydro. The main floor 2-bedroom, 1-bath unit is rented for $1,600/month inclusive and will be vacant as of May 15, 2025 a perfect opportunity for an owner-occupier or to place new tenants at market rent. The lower level offers a well-kept 2-bedroom, 1-bath unit currently rented at $1,550/month inclusive. 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, ample rear parking, and a tankless water heater for added energy efficiency. Please note: listing photos were taken when units were vacant.
Location
Province ON
County Middlesex
Community East M
Area Middlesex
Rooms
Family Room No
Basement Apartment, Full
Kitchen 3
Separate Den/Office 2
Interior
Interior Features In-Law Capability, In-Law Suite, Separate Hydro Meter
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 33.0
Lot Depth 100.0
Total Parking Spaces 4
Building
Foundation Block
Listed by CENTURY 21 FIRST CANADIAN CORP
418 Iroquois Shore Rd Suite 103, Oakville, L6H, 0X7, Canada