302 EGERTON STREET, London East (East M), Ontario, N5Z2G7

Property Description

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:64974)

Quick Facts

• Property Type: Duplex
• Bedrooms: 7 (5 above, 2 below)
• Bathrooms: 3
• Attached: Yes
• Parking: 4 spaces (No Garage)
• Frontage: 33 ft (10.1 m)

Costs

• Annual Taxes: $2,180.00

Listing Provided by: CENTURY 21 FIRST CANADIAN CORP
Board: London and St. Thomas Association of REALTORS®
Data provided via CREA DDF®.