London, ON N5W3Z3 420 EGERTON STREET
$550,000
6 more
Presented By: CENTURY 21 FIRST CANADIAN CORP
Home Details
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%+ Cash ROI and 18% 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 is sure to 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 $1,000 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, 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. Contact us today to schedule a viewing and take the first step toward growing your real estate investment portfolio. (id:7434)
Presented By: CENTURY 21 FIRST CANADIAN CORP
Interior Features for 420 EGERTON STREET
Other Interior Features
Basement TypeFull
Building Fireplace PresentFalse
Building Heating FuelNatural gas
Building Heating TypeForced air
General for 420 EGERTON STREET
AmenitiesPublic Transit, Place of Worship, Park
Building AppliancesDryer, Refrigerator, Stove, Washer
Building Cooling TypeCentral air conditioning
Building TypeDuplex
Building.StoriesTotal2
Community FeaturesSchool Bus, Community Centre
CommunityNameEast M
FeaturesFlat site
Foundation TypeBlock, Poured Concrete
Location DescriptionBRYDGES
Parking Space Total4
Property TypeSingle Family
Zoning DescriptionR2-2
Exterior for 420 EGERTON STREET
Exterior FinishVinyl siding, Brick
Land Amenities Public Transit, Place of Worship, Park
SewerSanitary sewer
Additional Details
Paul Dojcinovic
TEAM LEADER, REALTOR® at eXp Realty