420 Egerton Street

London

420 Egerton Street
420 Egerton Street
420 Egerton Street
+8
4
 bed
3
 bath
4
 parking
2482
 sqft *
* This unit size is calculated from property.ca data
For Sale
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81 days
 on site
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$600,000
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* This unit size is calculated from property.ca data
Size
2482 sqft
Lot size
229.94 sqm
Street frontage
E
Possession
-
Price per sqm
$2,597
Taxes
$1,536 (2023)
Parking Type
Detached Garage
Style
-
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Description
Welcome to this outstanding investment opportunity near the Western Fair District! This renovated duplex offers an impressive 7.35% REAL cap rate, making it a solid choice for savvy investors looking to expand their portfolio. This will cashflow at $900/mo+ at todays interest rates. With an 8%+ Cash ROI and 13% 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 rented garage space, this property is sure to exceed your investment expectations. Each of the 2-bedroom units is currently leased for $1,800 per month, while the bachelor suite commands a rental rate of $1,000 per month. Additionally, the garage space generates 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.
Broker: CENTURY 21 FIRST CANADIAN CORP., BROKERAGE
MLS®#: 40534328
Property details
Parking:
4
Parking type:
Detached Garage
Property type:
-
Heating type:
Forced Air
Style:
-
MLS Size:
131 sqm
Lot front:
10.06 M
Lot depth:
22.86 M
Listed on:
Jan 28, 2024
Show all details
Moe Mir Sadeghi
Sales Representative
Property.ca Inc., Brokerage
© Property.ca Inc., Brokerage
MLS#: 40534328
Listed by CENTURY 21 FIRST CANADIAN CORP., BROKERAGE

About 420 Egerton Street

420 Egerton Street is, near BRYDGES. 420 Egerton Street has an asking price of $600000, and has been on the market since January 2024. This multiplex has 4 beds, 3 bathrooms and is 2482 Squa.

For groceries or a pharmacy you'll likely need to hop into your car as there is not much near this multiplex.

Getting around the area will require a vehicle, as there are no nearby transit stops.

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