308 EGERTON Street, London, Ontario N5Z2G7

Listing courtesy of COLDWELL BANKER PETER BENNINGER REALTY.

$3,400,000
27
BD
15
BA
11,979
SqFt

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List Price
$3,400,000
Status
ACTIVE
Days on Market
53
MLS® #
CornerstoneAssociationofREALTORS-40836007
Year Built
1970
Bedrooms
27
Bathrooms
15
Living Area
11,979
Lot Size
18,730
Acres
0.43
Subdivision
East L
Neighborhood
East L

Property Description

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:5764)

Additional Information

Exterior Features
Steel, Brick Veneer
Taxes
$31,169
Community Features
East L
Appliances
Microwave
Heating
Baseboard heaters, Radiant heat, Natural gas
Air Conditioning
Wall unit
Stories
2.5
Foundation
Poured Concrete
Parking Features
Open

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