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420 Egerton Street, London, ON, N5W 3Z3

MLS® # 40534328
Investment For Sale In East London, London, Ontario
$600,000
420 Egerton Street, London, ON - Outdoor
420 Egerton Street, London, ON - Indoor Photo Showing Kitchen
420 Egerton Street, London, ON - Indoor Photo Showing Kitchen
420 Egerton Street, London, ON - Indoor Photo Showing Bathroom
420 Egerton Street, London, ON - Indoor Photo Showing Other Room
420 Egerton Street, London, ON - Indoor Photo Showing Other Room
420 Egerton Street, London, ON - Indoor Photo Showing Other Room
420 Egerton Street, London, ON - Indoor
420 Egerton Street, London, ON - Indoor Photo Showing Kitchen
420 Egerton Street, London, ON - Indoor Photo Showing Other Room
420 Egerton Street, London, ON - Outdoor With Deck Patio Veranda
420 Egerton Street, London, ON - Outdoor
420 Egerton Street, London, ON - Indoor Photo Showing Kitchen
420 Egerton Street, London, ON - Indoor Photo Showing Kitchen
420 Egerton Street, London, ON - Indoor Photo Showing Bathroom
420 Egerton Street, London, ON - Indoor Photo Showing Other Room
420 Egerton Street, London, ON - Indoor Photo Showing Other Room
420 Egerton Street, London, ON - Indoor Photo Showing Other Room
420 Egerton Street, London, ON - Indoor
420 Egerton Street, London, ON - Indoor Photo Showing Kitchen
420 Egerton Street, London, ON - Indoor Photo Showing Other Room
420 Egerton Street, London, ON - Outdoor With Deck Patio Veranda
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Home Insurance - TD Insurance
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Home Insurance - TD Insurance

Get a home insurance quote online for this $600,000 property in London

Provided by TD Insurance
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420 Egerton Street, London, ON, N5W 3Z3
$600,000

Property Information:

Welcome to this outstanding investment opportunity near the Western Fair District! This renovated duplex offers an impressive 7.35% REAL cap rate, making it a solid choice for savvy investors looking to expand their portfolio. This will cashflow at $900/mo+ at todays interest rates. With an 8%+ Cash ROI and 13% 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 rented garage space, this property is sure to exceed your investment expectations. Each of the 2-bedroom units is currently leased for $1,800 per month, while the bachelor suite commands a rental rate of $1,000 per month. Additionally, the garage space generates 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.

Inclusions: Hot Water Tank Owned

Building Features:

  • Floor Space: 1408 Square Feet

Property Features:

  • Bedrooms: 4
  • Acres Range: < 0.5
  • Basement: Full, Partially Finished
  • Built in: 1930
  • Construction Materials: Vinyl Siding
  • Cooling: None
  • Driveway Parking: Private Drive Single Wide
  • Floor Space (approx): 1408 Square Feet
  • Heating: Forced Air, Natural Gas
  • Laundry Features: Coin Operated
  • Lot Depth: 75 Feet
  • Lot Features: Business Centre, City Lot, Library, Place of Worship, Public Transit, Rec./Community Centre, Schools
  • Lot Frontage: 33.00 Feet
  • Parking Features: Detached Garage
  • Road Frontage Type: Municipal Road
  • Roof: Asphalt Shing
  • Security Features: Carbon Monoxide Detector(s)
  • Water Source: Municipal
  • Zoning: R2-2
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 4

Courtesy of: CENTURY 21 FIRST CANADIAN CORP., BROKERAGE

Data provided by: London St. Thomas Association of REALTORS® 342 Commissioners Rd. W., London, Ontario N6J 1Y3
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 420 Egerton Street, London, ON, N5W 3Z3

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

35 hot days expected in 2050

Projected Storm Risk: Very High

14 storms expected in 2050

Projected Heat Risk: High

35 hot days expected in 2050

55/100

High

ClimateCheck®

Current data

This property, 420 Egerton Street , experiences 7 hot days per year at around 31 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 35 hot days at 34.5 degrees Celsius.

Projected Avg. Temperature

Past
31℃
2050
34.5℃

# Hot Days Per Year

Past
7
2050
35

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk:

14 storms expected in 2050

63/100

ClimateCheck®

Current data

This property, 420 Egerton Street , experiences 11 significant 2-day storms per year, with about 328.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 404.2mm of precipitation per year.

Precipitation Per Storm

Past
328.5mm
2050
404.2mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 420 Egerton Street, London, ON, N5W 3Z3

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$63,468.68

Average Number of Children

1.49

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.58 %

High school certificate or equivalent

38.79 %

Apprenticeship trade certificate/diploma

4.25 %

College/non-university certificate

21.31 %

University certificate (below bachelor)

1.6 %

University Degree

15.47 %

Commuter

Travel To Work

By Car

76.63 %

By Public Transit

16.16 %

By Walking

4.92 %

By Bicycle

0.0 %

By Other Methods

2.29 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

56.19 %

Houses

43.81 %

Own Vs. Rent

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