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. (id:4069)
Address
302 EGERTON STREET
List Price
$499,000
Property Type
Multi-family
Type of Dwelling
Duplex
Transaction Type
Sale
Area
Ontario
Sub-Area
London East (east M)
Bedrooms
7
Bathrooms
3
Floor Area
1500 - 2000 Sq. Ft.
Lot Size
33 x 100 FT Sq. Ft.
MLS® Number
X12377252
Listing Brokerage
CENTURY 21 FIRST CANADIAN CORP
| THRIVE REALTY GROUP INC.
Basement Area
Full
Postal Code
N5Z2G7
Zoning
R2-2
Features
In-Law Suite
Amenities
Separate Electricity Meters
