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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%+ Cash ROI and 18% 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 is sure to 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 $1,000 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, 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. (id:53271)
| MLS® Number | X9295796 |
| Property Type | Single Family |
| Community Name | East M |
| AmenitiesNearBy | Public Transit, Place Of Worship, Park |
| CommunityFeatures | School Bus, Community Centre |
| Features | Flat Site |
| ParkingSpaceTotal | 4 |
| BathroomTotal | 3 |
| BedroomsAboveGround | 4 |
| BedroomsTotal | 4 |
| Appliances | Dryer, Refrigerator, Stove, Washer |
| BasementType | Full |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Vinyl Siding, Brick |
| FoundationType | Block, Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| Type | Duplex |
| UtilityWater | Municipal Water |
| Detached Garage |
| Acreage | No |
| LandAmenities | Public Transit, Place Of Worship, Park |
| Sewer | Sanitary Sewer |
| SizeFrontage | 33 M |
| SizeIrregular | 33 X 75 Acre |
| SizeTotalText | 33 X 75 Acre|under 1/2 Acre |
| ZoningDescription | R2-2 |
https://www.realtor.ca/real-estate/27355871/420-egerton-street-london-east-m
Contact me to inquire about this property
If you have any questions about this or any other property on my website, please get in touch.
Call: 519-535-4243
Email: jen@jenthomsonrealtor.com
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