302 Egerton Street London East, Ontario N5Z 2G7
7 Bedroom 3 Bathroom 1500 - 2000 sqft
Central Air Conditioning Forced Air
$549,000
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:53193)
Property Details
| MLS® Number | X12108374 |
| Property Type | Multi-family |
| Community Name | East M |
| Features | In-law Suite |
| ParkingSpaceTotal | 4 |
Building
| BathroomTotal | 3 |
| BedroomsAboveGround | 5 |
| BedroomsBelowGround | 2 |
| BedroomsTotal | 7 |
| Amenities | Separate Electricity Meters |
| BasementFeatures | Apartment In Basement |
| BasementType | Full |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1500 - 2000 Sqft |
| Type | Duplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 100 Ft |
| SizeFrontage | 33 Ft |
| SizeIrregular | 33 X 100 Ft |
| SizeTotalText | 33 X 100 Ft |
https://www.realtor.ca/real-estate/28224782/302-egerton-street-london-east-east-m-east-m
Interested?
Contact us for more information
Daniel Brzozowski
Salesperson
Century 21 First Canadian Corp
Rob Hanson
Salesperson
Thrive Realty Group Inc.
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April 28 2025 08:51:27
London and St. Thomas Association of REALTORS®
Century 21 First Canadian Corp, Thrive Realty Group Inc.