5 Beds 3 Bath

302 Egerton Street, London East, ON N5Z 2G7

London East N5Z 2G7 Ontario

MLS: X12377252

$499,000

Added 6 hours ago | For Sale

Listed by: CENTURY 21 FIRST CANADIAN CORP

About Property

Fantastic investment opportunity in the heart of London - All brick Duplex is currently being used as a Triplex - Annual income of +$60,000 delivering a +10% CAP RATE! The upper unit features 3 bedrooms and 1 bath, rented at $1,800/month to month plus hydro. The main floor 2-bedroom, 1-bath is rented for $1,750/month inclusive till August 30/26. The lower level offers a 2-bedroom, 1-bath unit currently rented at $1,550/month inclusive month to month. 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, one furnace, ample rear parking, and a tankless water heater for added energy efficiency. Please note: listing photos were taken when units were vacant.

Features

  • House Style:Duplex
  • Bathrooms:3
  • Land Size: 33 X 100
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Trafalgar
  • Basement:Apartment,Full , Apartment,Full
  • Possession Date:
  • Annual Property taxes: $2045
  • Bedrooms:5 +2
  • Total Parking Spaces:4
  • Parking Places:4
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:East
  • Front Footage:
  • Listing ID:X12377252

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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