ON > London East > East M
London East, ON N5Z 2G7,302 Egerton ST
London East, ON N5Z 2G7,302 Egerton ST
London East, ON N5Z 2G7,302 Egerton ST
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Craig Strachan

Craig Strachan

+1(705) 730-4892
$549,000
Est. payment /mo
7 Beds
3 Baths
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UPDATED:

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

Fantastic investment opportunity in the heart of London, Ontario - All brick Duplex is currently being used as a Triplex - Annual income of $59,400/year, delivering a 9.7% cap rate! The upper unit features 3 bedrooms and 1 bath, rented at $1,800/month plus hydro. The main floor 2-bedroom, 1-bath unit is rented for $1,600/month inclusive and will be vacant as of May 15, 2025 a perfect opportunity for an owner-occupier or to place new tenants at market rent. The lower level offers a well-kept 2-bedroom, 1-bath unit currently rented at $1,550/month inclusive. 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, ample rear parking, and a tankless water heater for added energy efficiency. Please note: listing photos were taken when units were 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

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Listed by CENTURY 21 FIRST CANADIAN CORP
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(705) 730-4892

craig@bellwethergroup.ca

23 Clapperton St. L4M 3E4, Barrie, ON, Canada

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302 Egerton ST