Fantastic investment opportunity in the heart of London - All brick Duplex is currently being used as a Triplex - Annual income of +$60,000 delivering a +10% CAP RATE! The upper unit features 3 bedrooms and 1 bath, rented at $1,800/month to month plus hydro. The main floor 2-bedroom, 1-bath was rented for $1,750/month inclusive, currently vacant. The lower level offers a 2-bedroom, 1-bath unit currently rented at $1,550/month, inclusive month-to-month. 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, one furnace, ample rear parking, and a tankless water heater for added energy efficiency. Please note: listing photos were taken when units were vacant.
Address
302 Egerton Street
List Price
$499,000
MLS® Status
New
Expiration Date
2026-02-28
Property Type
Residential Freehold
Type of Dwelling
Duplex
Style of Home
2-Storey
Transaction Type
Sale
Area
London East
Sub-Area
East M
Region
Middlesex
Bedrooms
5 + 2
Bedrooms (Total)
7
Rooms Above Grade
10
Rooms Below Grade
3
Bathrooms
3
Floor Area
1500-2000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
100
Lot Size Units
Feet
Lot Width
33
Parcel Number
082970017
Occupant Type
Tenant
Cross Street
Trafalgar
MLS® Number
X12377252
Listing Brokerage
CENTURY 21 FIRST CANADIAN CORP
| THRIVE REALTY GROUP INC.
Basement Area
Apartment, Full
Postal Code
N5Z 2G7
Parking
Private
Parking Places (Total)
4
Parking Spaces
4
Tax Amount
$2,180.00
Tax Year
2025
Interior Features
In-Law Capability, In-Law Suite, Separate Hydro Meter
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Other
Standard Status
Active
Senior Community
No
Board Or Association
London and St. Thomas Association of REALTORS
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
East
Fireplace
No
Foundation Details
Block
Garage
No
Garage Type
None
Kitchens Total
3
Kitchens Above Grade
2
Kitchens Below Grade
1
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 16, BLK A, PLAN 306(3RD) AS IN 606337 LONDON
Waterfront
No
Sewer
Sewer
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