420 EGERTON
East M | London
$550,000.00
Listed about 1 month ago
- 4 bed
- 3 bath
- - sqft
- 4.0 parking
- Duplex
Instant Estimate
$545,438
-$4,562 compared to list price
Upper range
$631,466
Mid range
$545,438
Lower range
$459,409
Property history
- Now
- Listed on Sep 3, 2024
Listed for $550,000.00
36 days on market
- May 14, 2024
- 5 months ago
Expired
Listed for $550,000.00 • 3 months on market
Sold for
Listed for $600,000.00 • on market
Sold for
Listed for $69,900.00 • on market
Sold for
Listed for $43,900.00 • on market
Sold for
Listed for $629,900.00 • on market
Sold for
Listed for $650,000.00 • on market
Sold for
Listed for $82,900.00 • on market
- Jan 26, 2004
- 21 years ago
Sold for $67,900.00
Listed for $69,900.00 • 3 months on market
- Aug 10, 2003
- 21 years ago
Expired
Listed for $87,900.00 • 3 months on market
Location & area
Home Details
- Description
- 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%+ Cash ROI and 18% 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 is sure to 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 $1,000 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, 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. Contact us today to schedule a viewing and take the first step toward growing your real estate investment portfolio.
- Additional media
- -
- Property taxes
- $1,578.00 per year / $131.50 per month
- Basement
- Full
- Year build
- 51-99
- Type
- Duplex
- Bedrooms
- 4
- Bathrooms
- 3
- Parking spots
- 4.0 Total | 1.0 Garage
- Floor
- -
- Balcony
- -
- Pool
- None
- External material
- Brick
- Roof type
- -
- Lot frontage
- -
- Lot depth
- -
- Heating
- Forced Air
- Fire place(s)
- N
Listing Brokerage
- MLS® Listing
- X9295796
- Brokerage
- CENTURY 21 FIRST CANADIAN CORP
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