$499,900
3.09 BTC
Photos
420 Egerton Street, London
$499,900
PRICE
4
BEDROOMS
3
BATHROOMS
X12151478
MLSID

420 Egerton Street, London

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 10.9%+ Cash ROI and 19% 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 will surely 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 $1,100 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, the 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.
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Summary

Address
420 Egerton Street
City
Community
MLSID
X12151478
Property Type
Duplex
Property Category
Bedrooms
4
Bathrooms
3
Kitchens
2 + 1
Zoning
R2-2
Taxes (Annual)
$3,634.00
Tax Year
2024
Published
May 15, 2025
Days on Market
76 Days
Possession Type
Immediate
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Details

Property Features
School Bus Route, Rec./Commun.Centre, Public Transit, Place Of Worship, Library, Park
Security Features
Carbon Monoxide Detectors
Bathroom 1
3-Piece Second Level
Bathroom 2
3-Piece Main Level
Bathroom 3
4-Piece Basement Level
Parking Spaces
3
Parking Total
4
Parking Features
Private
Architectural Style
2-Storey
Roof
Asphalt Shingle
Construction Materials
Vinyl Siding, Brick
Lot Width
33 Feet
Lot Depth
75 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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