308 EGERTON Street, London, Ontario, N5Z 2G7

$3,400,000

MLS® # 40836007

Investment For Sale In Hamilton Road, London, Ontario

$3,400,000

Property Information:

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:27)

Building Features:

  • Style: Multiplex
  • Air Conditioning: Yes
  • Basement Type: None
  • Exterior Finish: Steel
  • Floor Space: 11979 sqft
  • Foundation Type: Poured Concrete
  • Heating Type: Baseboard heaters, Radiant heat
  • Heating Fuel: Natural gas
  • Cooling Type: Wall unit
  • Appliances: Microwave

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Bedrooms: 27
  • Bathrooms: 15
  • Access Type: Highway access
  • Amenities Nearby: Public Transit
  • Built in: 1970
  • Community Features: Industrial Park
  • Features: Industrial mall/subdivision, Laundry- Coin operated
  • Floor Space (approx): 11979 Square Feet
  • Irregular: Yes
  • Lot Frontage: 66 Feet
  • Lot Size: 0.43 Acres
  • Zoning: Residential R2-2
  • Sewer: Municipal sewage system
  • Parking Type: Open
  • No. of Parking Spaces: 18

Courtesy of: COLDWELL BANKER PETER BENNINGER REALTY

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

Additional Photos