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:4069)
Address
308 EGERTON Street
List Price
$3,400,000
Property Type
Multi-family
Transaction Type
Sale
Area
Ontario
Sub-Area
London
Bedrooms
27
Bathrooms
15
Floor Area
11,979 Sq. Ft.
Lot Size
0.43 Sq. Ft.
Year Built
1970
MLS® Number
40836007
Listing Brokerage
COLDWELL BANKER PETER BENNINGER REALTY
Basement Area
None
Postal Code
N5Z2G7
Zoning
Residential R2-2
Site Influences
Public Transit
Features
Industrial mall/subdivision, Laundry- Coin operated
