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For sale
  • C$499,900

    420 Egerton St, London, ON N5W 3Z3

    4beds
    3baths
    Duplex
    Built in ----
    -- sqft lot
    $-- Zestimate®
    C$--/sqft
    C$-- HOA

    What's special

    Comfortable bachelor suite
    Welcome to this outstanding investment opportunity near the Western Fair District! This renovated duplex offers an impressive 7.6% REAL cap rate, making it a solid choice for savvy investors looking to expand their portfolio. This will cashflow at $1000/mo+ at today's interest rates. With a 10.9%+ Cash ROI and 19% ROI when factoring in principal repayment, this is a better return than both GICs and the stock market. With two spacious 2-bedroom units, a comfortable bachelor suite, and a rentable garage space, this property will surely exceed your investment expectations. Each of the 2-bedroom units is currently leased for $1,700 per month, while the bachelor suite commands a rental rate of $1,100 per month. Additionally, the garage space can generate an extra $400 per month in income, resulting in a robust revenue stream. This property is close to schools, parks, shopping, the Western Fair complex, 100 Kellogg Lane, and public transportation, making it an attractive choice for prospective tenants. Don't miss out on this rare opportunity to secure a high-yield, income-generating duplex with immense potential for the future.
    103 days
    on Zillow
    |
    35
    |
    1
    |

    Zillow last checked: 7 hours ago

    Listing updated: June 02, 2025 at 12:36pm

    Listed by:

    CENTURY 21 FIRST CANADIAN CORP

    Source: TRREB,MLS®#: X12151478MLS LogoOriginating MLS®#: London and St. Thomas Association of REALTORS
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    Heating
    • Forced Air, Gas
    Cooling
    • Central Air
    Features
    • None
    • Basement: Full
    • Has fireplace: No
    Interior area
    • Living area range: 1100-1500 null

    Property

    Parking
    • Total spaces: 4
    • Parking features: Private
    • Has garage: Yes
    Features
    • Stories: 2
    • Pool features: None
    Lot
    • Size: 2,475 Square Feet
    • Features: School Bus Route, Rec./Commun.Centre, Public Transit, Place Of Worship, Library, Park
    • Topography: Flat
    Details
    • Parcel number: 082980134

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    Materials
    • Vinyl Siding, Brick
    • Foundation: Block, Poured Concrete
    • Roof: Asphalt Shingle

    Utilities & green energy

    • Sewer: Sewer

    Community & HOA

    Community
    • Security: Carbon Monoxide Detector(s)
    Location
    • Region: London

    Financial & listing details

    • Tax assessed value: C$231,000
    • Annual tax amount: C$3,634
    • Date on market: 5/15/2025
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