Home with brick exterior material, street for 302 Egerton St, London East Ontario N5Z 2G7
6 days on Market

302 Egerton St, London East, Ontario N5Z 2G7

Townhouse
5 + 2
3
~1500-2000 sqft
$549,000
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Townhouse
5 + 2
3
~1500-2000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$320/sqft

Est. Mortgage$2,358/mo

Tax Amount (2024)$2,045/yr

Days On Market6 days


Description

Fantastic investment opportunity in the heart of London, Ontario - All brick Duplex is currently being used as a Triplex - Annual income of $59,400/year, delivering a 9.7% cap rate! The upper unit features 3 bedrooms and 1 bath, rented at $1,800/month plus hydro. The main floor 2-bedroom, 1-bath unit is rented for $1,600/month inclusive and will be vacant as of May 15, 2025 a perfect opportunity for an owner-occupier or to place new tenants at market rent. The lower level offers a well-kept 2-bedroom, 1-bath unit currently rented at $1,550/month inclusive. A great choice for first-time investors or those looking to expand their portfolio, don't miss out! Each unit has its own private entrance and in-suite laundry, plus there are two hydro meters, ample rear parking, and a tankless water heater for added energy efficiency. Please note: listing photos were taken when units were vacant.


Property Details

Style2-Storey
View-
Age of property-
SqFt~1500-2000 SqFt
Lot Size3,300 SqFt(100 x 33)
Parking Spaces4
MLS ®NumberX12108374
Community NameHamilton Road
Data SourceTRREB
Listing byCENTURY 21 FIRST CANADIAN CORP

Features

Heating: Forced Air
Cooling: Central Air
Basement: Apartment, Full

Features

Lot size: 3,300 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property History

Apr 28, 2025
ListedActive
$549,000
6 days on market
history photo preview33
Listing by trreb®
Property listed by CENTURY 21 FIRST CANADIAN CORP, Brokerage
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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

82 days

Compared to

2024

14 days

2023

12 days

2022

0 day

New Listings

Past 30 days

4 listings

Compared to

2024

5 listings

2023

2 listings

2022

3 listings

Units sold

Past 30 days

1 unit

Compared to

2024

2 units

2023

2 units

2022

0 unit

Median Sold Price

Past 30 days

$490,000

Compared to

2024

$560,000

2023

$387,500


Population and Demographics

Overview

Total population 16968
Average household income $90,561

Age (%)

50 to 64
23%
20 to 34
22%
35 to 49
20%
0 to 19
20%
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%

Schools and amenities

Estimated Budget