33
See all 33 photos
$549,000
Est. payment /mo
7 Beds
3 Baths
New
302 Egerton ST London East, ON N5Z 2G7
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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
Welcome to 302 Egerton Street in London, Ontario; an excellent opportunity for first-time investors or a great addition to any growing portfolio. This full-brick legal duplex with a bonus third unit features separate entrances, in-unit laundry in all units, ample rear parking, two separate hydro meters and a tankless water heater for added efficiency. Fully tenanted, the property generates a net income of $26,754 annually, offering a 5% cap rate based on current income. The upper unit is a spacious 3-bedroom, 1-bath, rented for $1,800/month plus hydro. The main floor 2-bedroom, 1-bath unit brings in $1,600/month inclusive and will be vacant as of May 15, 2025 - ideal for owner-occupiers or new tenants at market rent. The lower level features a well-maintained 2-bedroom, 1-bath unit currently rented for $1,550/month inclusive. Dont wait - book your showing today! Photos show the property when 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
Fireplace No
Heat Source Gas
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
Listed by CENTURY 21 FIRST CANADIAN CORP