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302 Egerton Street London East, Ontario N5Z 2G7

7 Bedroom 3 Bathroom 1500 - 2000 sqft
Central Air Conditioning Forced Air

$549,000

Fantastic investment opportunity in the heart of London, Ontario - All brick Duplex is currently being used as a Triplex - Annual income of $59,400/year, delivering a 9.7% cap rate! The upper unit features 3 bedrooms and 1 bath, rented at $1,800/month plus hydro. The main floor 2-bedroom, 1-bath unit is rented for $1,600/month inclusive and will be vacant as of May 15, 2025 a perfect opportunity for an owner-occupier or to place new tenants at market rent. The lower level offers a well-kept 2-bedroom, 1-bath unit currently rented at $1,550/month inclusive. 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, ample rear parking, and a tankless water heater for added energy efficiency. Please note: listing photos were taken when units were vacant. (id:38414)

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

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May 04 2025 04:21:08

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