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.
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
- 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®#: X12151478
Originating 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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