Welcome to this outstanding investment opportunity near the Western Fair District! This renovated duplex offers an impressive 7.35% REAL cap rate, making it a solid choice for savvy investors looking to expand their portfolio. This will cashflow at $900/mo+ at todays interest rates. With an 8%+ Cash ROI and 13% 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 rented garage space, this property is sure to exceed your investment expectations. Each of the 2-bedroom units is currently leased for $1,800 per month, while the bachelor suite commands a rental rate of $1,000 per month. Additionally, the garage space generates an extra $400 per month in income, resulting in a robust revenue stream. This property is close to schools, parks, shopping, 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. Contact us today to schedule a viewing and take the first step toward growing your real estate investment portfolio. (id:26763)
Part of this information is provided by the Province of British Columbia under the Open Government License for Government of BC Information v.BC1.0. School boundaries and other statistics changes frequently and is for general informational purposes only. You should not use such information in determining the legal eligibility to attend any particular school.
420 EGERTON Street, London, Ontario, N5W3Z3 is serviced by Lord Roberts Public School. The property with listing MLS® 40534328 is located 2.01 km from the school. Lord Roberts Public School has a rating of Rating 7.6/10.
This home with address 420 EGERTON Street, London, Ontario, N5W3Z3, London, ON is also serviced by B Davison Secondary School Secondary School and located 1.3 km from it. B Davison Secondary School Secondary School has a rating of No Rating.
The closest Elementary independent school to this home for sale located at 420 EGERTON Street, London, Ontario, N5W3Z3 is London Islamic School with School's rating No Rating, located 4.46 km from this home.
The closest to this address 420 EGERTON Street, London, Ontario, N5W3Z3 Secondary independent school is London Islamic School with School's rating No Rating, located 4.46 km km from this home
The freshest crime data from Statistics Canada are from 2020. There were 28,255 volation disturbances in this neighbourhood. The overall crime rate near the address - 420 EGERTON Street, London, Ontario, N5W3Z3, London, ON is 6,558.30. Rate is the amount of incidents per 100,000 population. Comparing to other Canadian cities it has Above Average rate in 2020. Year by year change in the total crime rate is -6.3%
Drug crime rate next to the listing for sale MLS® 40534328 is Below Average comparing to other neighbourhoods. The illegal substances offences rating is 69.87. This is the amount of drug crime incidents per 100,000 population. There were 301 illegal substances lawbreaking disturbances in this city in 2020. Year by year change in the illegal substances offences ranking is -33.5%
Property crimes in the neighbourhood close to real estate listing for sale 420 EGERTON Street, London, Ontario, N5W3Z3 are High. Property misconduct rating adjacent to MLS® 40534328 is 4,388.29. There were 18,906 in the neighbourhood in 2020. Year by year change in the property misconduct rate is -6.8%
There were 4,360 violent lawbreaking disorders in 2020. 1,012.00 and it is Above Average rate comparing to other BC municipalities. Year by year change in the violent crime rate is 13.1%
The closest Bus station is Mackays No Frills New Hamburg in 59.38 km away from this listing with - MLS® 40534328.
18.2% of people with university certificate/degree live in this neighbourhood adjacent to the 420 EGERTON Street, London, Ontario, N5W3Z3 which is Average in comparison with other BC neighbourhoods. 20.4% of population in this neighbourhood that is near the Listing MLS® 40534328 have no certificate or degree. This number is Average compared to the average in BC.
Median Household Income near this dwelling with the address 420 EGERTON Street, London, Ontario, N5W3Z3, London, ON is $34112 which is Low in comparison with the British Columbia average. Median personal income near this dwelling with listing - MLS® 40534328 is $21408 which is Low in comparison with the BC average. % of the Households with a mortgage in this census subdivision is 69.8% which is High.
Unemployment rate in the area around MLS® Listing # 40534328 is 12.7 which is High in comparison to the other province neighbourhoods.
This real estate is located in 420 EGERTON Street, London, Ontario, N5W3Z3 East M where population change between 2011 and 2016 was 58.8%. This is High in comparison to average growth rate of this region.
Population density per square kilometre in this community near the address 420 EGERTON Street, London, Ontario, N5W3Z3, London, ON is 1357.6 which is Average people per sq.km.
Average size of families in the area adjacent to home for sale 420 EGERTON Street, London, Ontario, N5W3Z3 is 2.4. This is Low number in comparison to the whole region. Percent of families with children near by the MLS® - MLS® 40534328 is 55.3% and it is Average. % of Married or living common law is around 32.4% and it is Low.
Average age of the population close to the 420 EGERTON Street, London, Ontario, N5W3Z3 is 38.3 . This percentage is Below Average in comparison to other BC cities.
Average value of dwellings in this neighbourhood around 420 EGERTON Street, London, Ontario, N5W3Z3, London, ON is $155724 and this is Low comparing to other areas in British Columbia
Average Owner payments are Low in the area adjacent to 420 EGERTON Street, London, Ontario, N5W3Z3. $845 owners spent in average for the dwelling. Tenants are paying $820 in this district close to MLS® 40534328 and it is Below Average comparing to other cities.
77.2% of Population in this district near the 420 EGERTON Street, London, Ontario, N5W3Z3 are Renters and it is High comparing to other BC cities and areas.
% of English and French speakers around real estate listing 420 EGERTON Street, London, Ontario, N5W3Z3, London, ON is 6%, it is Below Average, % of English speakers only is 92.5% and Above Average. % of Neither English nor French speakers close to home for sale 420 EGERTON Street, London, Ontario, N5W3Z3, London, ON is 1.5% and it is Above Average comparing to other BC cities.
20% of all population in the area around this property with the address 420 EGERTON Street, London, Ontario, N5W3Z3, London, ON using Public Transport which is Above Average, 62.2% of using population are using Cars around MLS® 40534328, which is Low. 2.7% of people using Bicycles around the 420 EGERTON Street, London, Ontario, N5W3Z3 and it is Above Average. 14.6% of population are walking which is High