302 EGERTON STREET

$499,000

East M, London East, Ontario

  • 7 beds
  • 3 baths
Commercial · Multi-familyType
4Parking
Forced air, Natural gasHeating
Central air conditioningCooling
184Days on market

About this property

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:45603)

Property details

Interior

Bedrooms
7
Bedrooms above grade
5
Bedrooms below grade
2
Bathrooms
3
Storeys
2
Basement
Full, Apartment in basement
Appliances
Water meter

Exterior & parking

Structure type
Duplex
Architectural style
[]
Lot size
33 x 100 FT
Parking spaces
4
Parking features
No Garage
Exterior features
Brick

Building & HOA

Heating
Forced air, Natural gas
Cooling
Central air conditioning

Financial & legal

List price
$499,000
Annual taxes
$2,180
Status
Active
MLS® number
X12845686

Location

City
London East
Neighbourhood
East M
Province
Ontario
Postal code
N5Z2G7
Directions
Cross Streets: Trafalgar. ** Directions: North.

Mortgage calculator

estimated / month

Estimate only — excludes taxes, insurance and CMHC. Contact us for a real quote.

Location & neighbourhood

Explore what’s nearby:

Listing data provided under the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed. REALTOR®, MLS® and associated logos are owned by The Canadian Real Estate Association (CREA).