view of front of property with brick siding Features: lawn, split ac unit, awning More Photos

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    For Sale - 302 Egerton Street, London East, Ontario

    Est payment $2,474/mo
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    Time on Jump  89 day

    AI Summary *

    • All brick duplex currently operating as a triplex in central London.
    • Annual income exceeds $60,000, providing a strong CAP rate of over 10%.
    • Upper unit features three bedrooms and bath, rented monthly for $1,800.
    • Private entrances and in-suite laundry for each unit enhance tenant convenience.
    • Ample parking available along with modern energy-efficient features like tankless water heater.




    Fantastic investment opportunity in the heart of london - all brick duplex is currently being used as a triplex - annual income of +$60,000 delivering a +10% cap rate! The upper unit features 3 bedrooms and 1 bath, rented at $1,800/month to month plus hydro. The main floor 2-bedroom, 1-bath was rented for $1,750/month inclusive, currently vacant. The lower level offers a 2-bedroom, 1-bath unit currently rented at $1,550/month, inclusive month-to-month. 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, one furnace, ample rear parking, and a tankless water heater for added energy efficiency. Please note: listing photos were taken when units were vacant.
    Listing IDX12377252
    Address302 Egerton Street
    CityLondon East, Ontario
    Price$499,000
    Bed / Bath7 / 3 Full
    Style2-Storey, Duplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features In-Law Capability, In-Law Suite, Separate Hydro MeterOwnership FreeholdBasement Apartment, FullFoundation BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 4.00
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    Listing Agency:  CENTURY 21 FIRST CANADIAN CORP
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    302 Egerton Street
    London East , Ontario
    7 3 $499,000
    Get more info