308 Egerton Street London, Ontario N5Z 2G7

27 Bedroom 15 Bathroom 11,979 sqft
Wall Unit Baseboard Heaters, Radiant Heat

$3,400,000

Rare value-add multi-residential investment opportunity in a high-demand rental corridor of London, Ontario. 308 Egerton Street presents investors with the opportunity to acquire a strategically located apartment building offering stable income, strong tenant demand, and significant long-term growth potential. Positioned minutes from Downtown London, major employment centres, public transit routes, the Western Fair District, and a wide range of amenities, the property benefits from a highly accessible location that continues to attract quality tenants. The building offers opportunities to enhance cash flow through continued operational efficiencies, rental optimization. Strong rental fundamentals, low vacancy trends, and London's growing population support long-term appreciation and income growth. An excellent addition to any real estate portfolio, whether for private investors seeking reliable cash flow or larger operators looking to expand their multi-family holdings in one of Southwestern Ontario's strongest rental markets. Properties of this scale and location are increasingly difficult to secure. A compelling opportunity to acquire a well-positioned multi-residential asset with both immediate income and future upside potential. (id:47351)

Property Details

MLS® Number 40836007
Property Type Multi-family
Amenities Near By Public Transit
Community Features Industrial Park
Features Industrial Mall/subdivision, Laundry- Coin Operated
Parking Space Total 18

Building

Bathroom Total 15
Bedrooms Total 27
Appliances Microwave
Basement Type None
Constructed Date 1970
Cooling Type Wall Unit
Exterior Finish Brick Veneer, Steel
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Baseboard Heaters, Radiant Heat
Stories Total 3
Size Interior 11,979 Sqft
Utility Water Municipal Water

Parking

Open

Land

Access Type Highway Access
Acreage No
Land Amenities Public Transit
Sewer Municipal Sewage System
Size Frontage 66 Ft
Size Irregular 0.43
Size Total 0.43 Ac|under 1/2 Acre
Size Total Text 0.43 Ac|under 1/2 Acre
Zoning Description Residential R2-2

https://www.realtor.ca/real-estate/29846044/308-egerton-street-london