view of front of property featuring brick siding and a front lawn Features: lawn More Photos

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    For Sale - 302 Egerton Street, London East, Ontario

    Est payment $2,396/mo
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    Views   5
    Time on Jump  126 day

    AI Summary *

    • All-brick duplex with current use as a triplex for investment benefits.
    • Potential annual income exceeds $60,000 with strong CAP rate over 10%.
    • Upper unit has 3 bedrooms; other units offer separate living spaces.
    • Each unit features private entrances and in-suite laundry for convenience.
    • Ample rear parking with energy-efficient tankless water heater for savings.




    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 IDX12845686
    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

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    302 Egerton Street
    London East , Ontario
    7 3 $499,000
    Get more info