36 days on Market

524 Egerton St, London, Ontario N5W 3Z7

Townhouse
8 + 6
8
- sqft
$1,250,000
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Townhouse
8 + 6
8
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$5,368/mo

Tax Amount (2024)$7,048/yr

Days On Market36 days


Description

Welcome to this purpose-built 6-plex, a prime multi-family investment opportunity with high income potential. The property features 4 spacious two-bedroom units and 2 larger three floor, currently being used as 3 bedroom, 1.5 bathroom units, offering versatility and appeal to a wide range of tenants. All units are thoughtfully designed for comfortable living. The building includes convenient onsite parking located at the rear, providing hassle-free access for tenants. The property is heated by 3 boilers helping to keep heating costs down. This property is steps away from popular attractions like Western Fair, 100 Kellogg Lane, and a variety of charming boutique shops. Tenants will enjoy the lifestyle convenience of nearby dining, entertainment, and local businesses, all while being just minutes from public transportation and major roadways. Ideal for investors seeking a solid income property in a desirable location. Don't miss this opportunity!


Property Details

StyleOther
View-
Age of property-
SqFt-
Lot Size10,120 SqFt(184 x 55)
Parking Spaces10
MLS ®NumberX10426763
Community NameEast London
Data SourceTRREB
Listing bySUTTON GROUP PREFERRED REALTY INC.

Features

Heating: Water
Basement: Finished, Full

Features

Lot size: 10,120 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 10


Property listed by SUTTON GROUP PREFERRED REALTY INC., Brokerage
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Population and Demographics

Overview

Total population 10542
Average household income $82,222

Age (%)

20 to 34
31%
50 to 64
22%
35 to 49
19%
0 to 19
16%
65 and plus
13%

Household composition (%)

Single person
45%
Single family
45%
Multi person
10%
Multi family
0%

Mother tongue (%)

English
87%
Others
5%
Spanish
3%
Portuguese
1%
French
1%

House tenancy (%)

Renters
55%
Owners
45%

Schools and amenities

Estimated Budget