33
See all 33 photos
$549,000
Est. payment /mo
7 Beds
3 Baths
Active
302 Egerton ST London East, ON N5Z 2G7
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision East M
MLS Listing ID X12108374
Style 2-Storey
Bedrooms 7
Annual Tax Amount $2,045
Tax Year 2024
Property Sub-Type Duplex
Property Description
Fantastic investment opportunity in the heart of London, Ontario - All brick Duplex is currently being used as a Triplex - Annual income of $59,400/year, delivering a 9.7% cap rate! The upper unit features 3 bedrooms and 1 bath, rented at $1,800/month plus hydro. The main floor 2-bedroom, 1-bath unit is rented for $1,600/month inclusive and will be vacant as of May 15, 2025 a perfect opportunity for an owner-occupier or to place new tenants at market rent. The lower level offers a well-kept 2-bedroom, 1-bath unit currently rented at $1,550/month inclusive. 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, ample rear parking, and a tankless water heater for added energy efficiency. Please note: listing photos were taken when units were vacant.
Location
Province ON
County Middlesex
Community East M
Area Middlesex
Rooms
Family Room No
Basement Apartment, Full
Kitchen 3
Separate Den/Office 2
Interior
Interior Features In-Law Capability, In-Law Suite, Separate Hydro Meter
Cooling Central Air
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 33.0
Lot Depth 100.0
Total Parking Spaces 4
Building
Foundation Block
Others
Senior Community No
Listed by CENTURY 21 FIRST CANADIAN CORP
GET MORE INFORMATION