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$ 549,000
Est. payment | /mo
7 Beds
3 Baths
1,500 SqFt
$ 549,000
Est. payment | /mo
7 Beds
3 Baths
1,500 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $366
Subdivision East M
MLS® Listing ID X12108374
Bedrooms 7
Originating Board London and St. Thomas Association of REALTORS®
Property Description
Welcome to 302 Egerton Street in London, Ontario; an excellent opportunity for first-time investors or a great addition to any growing portfolio. This full-brick legal duplex with a bonus third unit features separate entrances, in-unit laundry in all units, ample rear parking, two separate hydro meters and a tankless water heater for added efficiency. Fully tenanted, the property generates a net income of $26,754 annually, offering a 5% cap rate based on current income. The upper unit is a spacious 3-bedroom, 1-bath, rented for $1,800/month plus hydro. The main floor 2-bedroom, 1-bath unit brings in $1,600/month inclusive and will be vacant as of May 15, 2025 - ideal for owner-occupiers or new tenants at market rent. The lower level features a well-maintained 2-bedroom, 1-bath unit currently rented for $1,550/month inclusive. Dont wait - book your showing today! Photos show the property when vacant. (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by CENTURY 21 FIRST CANADIAN CORP
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