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$ 449,000
Est. payment /mo
New
281 Egerton ST London East, ON N5Z 2H1
4 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision East L
MLS Listing ID X12243385
Style 2-Storey
Bedrooms 4
Annual Tax Amount $2,078
Tax Year 2025
Property Sub-Type Duplex
Property Description
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
Province ON
County Middlesex
Community East L
Area Middlesex
Rooms
Family Room Yes
Basement Full, Separate Entrance
Kitchen 2
Separate Den/Office 1
Interior
Interior Features Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Deck, Porch
Pool None
Roof Type Shingles
Lot Frontage 40.0
Lot Depth 130.0
Total Parking Spaces 6
Building
Unit Features Fenced Yard,Park
Foundation Block
Listed by COLDWELL BANKER THE REAL ESTATE CENTRE