302 Egerton Street London East, Ontario N5Z 2G7
$549,000
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. (id:52600)
Property Details
| MLS® Number | X12108374 |
| Property Type | Multi-family |
| Community Name | East M |
| Features | In-law Suite |
| ParkingSpaceTotal | 4 |
Building
| BathroomTotal | 3 |
| BedroomsAboveGround | 5 |
| BedroomsBelowGround | 2 |
| BedroomsTotal | 7 |
| Amenities | Separate Electricity Meters |
| BasementFeatures | Apartment In Basement |
| BasementType | Full |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1500 - 2000 Sqft |
| Type | Duplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 100 Ft |
| SizeFrontage | 33 Ft |
| SizeIrregular | 33 X 100 Ft |
| SizeTotalText | 33 X 100 Ft |
https://www.realtor.ca/real-estate/28224782/302-egerton-street-london-east-east-m-east-m
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May 13 2025 11:51:11
London and St. Thomas Association of REALTORS®
Century 21 First Canadian Corp, Thrive Realty Group Inc.