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4 Beds 3 Bath

420 EGERTON St

London N5W 3Z3 Ontario

MLS: X11985707

$524,900

Added 5 hours ago | For Sale

Listed by: CENTURY 21 FIRST CANADIAN CORP

About Property

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 10.9%+ Cash ROI and 19% 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 will surely 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 $1,100 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, the 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.

Features

  • House Style:Duplex
  • Bathrooms:3
  • Land Size:
  • Water:Municipal
  • Garage Spaces:1 /Detached
  • Driveway:Private
  • Heating Fuel:Gas
  • Cross Street:BRYDGES
  • Basement:Full ,
  • Possession Date:
  • Annual Property taxes: $3634
  • Bedrooms:4
  • Total Parking Spaces:4
  • Parking Places:3
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:Brick
  • Fronting On:W
  • Front Footage:33
  • Listing ID:X11985707

Rooms Dimensions Description

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Average Sale Prices per Month in London
This graph illustrates the average sale prices per month in London, providing an in-depth analysis of the real estate market trends and fluctuations
4 Bedrooms Duplex House London
Monthly Sales Trends in London
This graph showcases the monthly sales trends in London, offering valuable insights for both buyers and sellers in the real estate market.
4 Bedrooms Duplex House London
Avg Price for 4 Bedroom Duplex house in London
Discover the last 3 months average sold price city of London neighbourhoods.
Community Average Price Difference Avg Days On Market
South O $680,000
22.81%
91
South F $801,200
34.49%
20
East B $886,250
40.77%
65
Nearby Schools
Explore a list of nearby schools in London
School Name Distance
Trafalgar Public School 0.95km
St Mary School 1.06km
Lester B Pearson School for the Arts 1.16km
Thames Valley Alternative Secondary School 1.18km
B Davison Secondary School Secondary School 1.22km
Aberdeen Public School 1.40km
Académie de la Tamise 1.42km
Ealing Public School 1.56km
H B Beal Secondary School 1.57km
East Carling Public School 1.80km
St. John French Immersion School 1.83km
G A Wheable Secondary School 1.85km
Blessed Sacrament Separate School 1.93km
Catholic Central High School 1.96km
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