Home with brick exterior material, street for 281 Egerton St, London East Ontario N5Z 2H1
4 days on Market

281 Egerton St, London East, Ontario N5Z 2H1

Townhouse
3 + 1
2
~1100-1500 sqft
$449,000
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$2,245Cashback
Townhouse
3 + 1
2
~1100-1500 sqft

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Highlights

Property Estimate

Days on market4 days

Estimated valueNot available

Price/Sqft$354/sqft

Monthly cost

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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.


Property Details

Style2-Storey
View-
Age of property-
SqFt~1100-1500 SqFt
Lot Size5,200 SqFt(130 x 40)
Parking Spaces6
MLS ®NumberX12243385
Community NameHamilton Road
Data SourceTRREB
Listing byCOLDWELL BANKER THE REAL ESTATE CENTRE

Features

Heating: Forced Air
Basement: Full, Sep Entrance

2nd Floor

Living

5.05 x 2.95

Br

2.95 x 3.38

Kitchen

2.54 x 2.26

Br

3.89 x 3.2


Features

Lot size: 5,200 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 6


Market Data - Hamilton Road

Geo Zone Map ThumbnailHamilton Road

Strong Buyer's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

90 days

Compared to

2024

0 day

2023

0 day

2022

24 days

New Listings

Past 30 days

7 listings

Compared to

2024

2 listings

2023

0 listing

2022

2 listings

Units sold

Past 30 days

1 unit

Compared to

2024

0 unit

2023

0 unit

2022

3 units

Median Sold Price

Past 30 days

$1,150,000

Compared to

2022

$475,000


Population and Demographics

Overview

Total population 16968
Average household income $90,561

Age (%)

0 to 19
20%
20 to 34
22%
35 to 49
20%
50 to 64
23%
65 and plus
17%

Household composition (%)

Single family
58%
Single person
35%
Multi person
7%
Multi family
0%

Mother tongue (%)

English
85%
Others
4%
Portuguese
3%
Spanish
2%
Polish
1%
French
1%
Italian
1%

House tenancy (%)

Owners
67%
Renters
33%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget