302 EGERTON STREET
London East (East M), Ontario
MLS® X12845686
$499,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X12845686
- Bedrooms
- 7
- Bathrooms
- 3
- Year built
- —
1 / 38Listing description
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.
Property summary
- MLS® number
- X12845686
- Property type
- Multi-family
- Building type
- Duplex
- Land size
- 33 x 100 FT
- Annual property taxes
- $2,180.00
- Parking
- 4 spaces · No Garage
- Days on market
- 175 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Basement
- Full, Apartment in basement
- Appliances
- Water meter
- Exterior features
- Brick
- Lot features
- In-Law Suite
What would this home cost you?
Based on the $499,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of CENTURY 21 FIRST CANADIAN CORP, LONDON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.