
List Price: $499,900 5% reduced
420 EGERTON Street, London, N5W 3Z3
- By CENTURY 21 FIRST CANADIAN CORP
Duplex|MLS - #X11985707|Price Change
4 Bed
3 Bath
1100-1500 Sqft.
Detached Garage
Price comparison with similar homes in London
Compared to 1 similar home
-16.7% Lower↓
Market Avg. of (1 similar homes)
$599,900
Note * Price comparison is based on the similar properties listed in the area and may not be accurate. Consult licences real estate agent for accurate comparison
Client Remarks
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.
Property Description
420 EGERTON Street, London, N5W 3Z3
Property type
Duplex
Lot size
< .50 acres
Style
2-Storey
Approx. Area
N/A Sqft
Home Overview
Last check for updates
Virtual tour
N/A
Basement information
Full
Building size
N/A
Status
In-Active
Property sub type
Maintenance fee
$N/A
Year built
2024

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Shally Shi
Sales Representative, Dolphin Realty Inc
English, Mandarin
Residential ResaleProperty ManagementPre Construction
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$0 Principal and Interest
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