420 Egerton St
East M, London East
$499,900
Buy with Dwelly and Save $4,999
Home Details
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Listing 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 10.9%+ Cash ROI and 19% 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 will surely 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 $1,100 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, the 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.
City: London East
Neighborhood: East M
Property History
| Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
|---|---|---|---|---|---|
| Feb 24, 2025 | 65 | $499,900 | N/A | Expired | X11985707 |
Rooms
Room dimensions for 420 Egerton St, London East
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 420 Egerton St is 2767
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $499900 |
| Down Payment | $99980 |
| Mortgage Insurance | $0 |
| Total Mortgage | $399920 |
Monthly Payment
| Mortgage Payment | $2464 |
| Property Taxes | $303 |
| Maintenance Fees | $0 |
| Monthly Payment | $2767 |
About 420 Egerton St, London East
Located at 420 Egerton St , this London East house is available for sale. This property was listed for $499,900 on Thu May 15 2025. This house's size is 1100-1500 Sqft. It has 4 bedrooms and 3 bathrooms. The property includes the following rooms: , , , , , , , , , , , . This property comes with 4 parking spots. 420 Egerton St, London East is situated in the East M neighbourhood.
MLS#: X12151478 · $499,900 · 4 bedroom house in East M, London East