302 Egerton St, London East, N5Z 2G7

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Description

Fantastic investment opportunity in the heart of London, Ontario - All brick Duplex is currently being used as a Triplex - Annual income of $60,000/year, delivering a 10.8% 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 was rented for $1,650/month inclusive and is now Vacant - 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.

28 days

On Market

Duplex

Property Type

$2,045 / Year

Est. Taxes

$0 / Month

Maint. Fees

-

Locker

-

Year Built