302 Egerton St, London, ON N5Z 2G7

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.