281 Egerton Street new Save Request In-Person Tour Request Virtual Tour
London,ON N5Z 2H1
Key Details
Property Type Multi-Family
Sub Type Duplex Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 1,389 sqft
Price per Sqft $323
MLS Listing ID 40745557
Bedrooms 4
Abv Grd Liv Area 2,128
Annual Tax Amount $2,078
Property Sub-Type Duplex Up/Down
Source Barrie
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
Area East
Zoning R2-2
Direction Corner of Egerton Street & Dame St, driveway at rear off Dame St.
Rooms
Basement Separate Entrance,Walk-Up Access,Full,Finished
Kitchen 0
Interior
Interior Features Separate Hydro Meters
Heating Forced Air,Natural Gas
Cooling None
Fireplace No
Appliance Dryer,Refrigerator,Stove,Washer
Laundry Common Area
Exterior
Roof Type Shingle
Lot Frontage 40.0
Lot Depth 130.0
Garage No
Building
Lot Description Rectangular,Park,Schools
Faces Corner of Egerton Street & Dame St, driveway at rear off Dame St.
Story 2
Sewer Sewer (Municipal)
Water Municipal
Structure Type Block
New Construction No
Others
Senior Community No
Tax ID 083060082
Ownership Freehold/None