Description

Price : $449,000.00 MLS^® : X12243385 / 281 Egerton Street, London East, ON N5Z 2H1

Fantastic investment opportunity with strong in-place cash flow and great tenants already secured. This up/down duplex is well-maintained and priced to reflect an attractive cap rate, making it a smart choice for investors seeking a turnkey addition to their portfolio. Formerly a triplex, the property is currently configured as two separate units with private entrances, separate hydro meters, shared laundry, and dedicated outdoor storage for each apartment. The main floor unit offers 9 ceilings, stainless steel appliances, and additional finished space in the basement including a rec room and denideal for tenant retention and rental value. The upper 1-bedroom unit is bright and welcoming, with solid income in place. Outside, theres parking for up to six vehicles and open space with potential to build a garage, offering further long-term value. Whether you're looking to grow your portfolio or enter the market with a reliable asset, this property delivers on both stability and upside.

Location Description

Hamilton Rd and Egerton St

Property Details

• Community: East L
• Property Type: Tenant/Residential Freehold
• Bedrooms: 4
• Bath: 2
• Garages: None
• Annual Property Taxes : $ 2078

Building Features

• Foundation Type: Block
• Counstruction Material : Concrete Block
• Total Parking Space : 6
• Parking Type : None

Features

• Heating : Forced AirGas
• Sewer : Sewer ,

Land (Lot Features)

• Frontage: 40 sq.ft
• Land Depth: 130sq.ft

Listing Contracted With: COLDWELL BANKER THE REAL ESTATE CENTRE