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

Welcome to 302 Egerton Street in London, Ontario; an excellent opportunity for first-time investors or a great addition to any growing portfolio. This full-brick legal duplex with a bonus third unit features separate entrances, in-unit laundry in all units, ample rear parking, two separate hydro meters and a tankless water heater for added efficiency. Fully tenanted, the property generates a net income of $26,754 annually, offering a 5% cap rate based on current income. The upper unit is a spacious 3-bedroom, 1-bath, rented for $1,800/month plus hydro. The main floor 2-bedroom, 1-bath unit brings in $1,600/month inclusive and will be vacant as of May 15, 2025 - ideal for owner-occupiers or new tenants at market rent. The lower level features a well-maintained 2-bedroom, 1-bath unit currently rented for $1,550/month inclusive. Dont wait - book your showing today! Photos show the property when 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