308 EGERTON Street
East L, London, N5Z2G7
Listed by Coldwell Banker Peter Benninger Realty
$2,890,000
- 27 bedrooms
- 15 bathrooms
- 18 parking
- 11979 sq ft
Listed 140 days ago · MLS® 40836007
About this home
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:66966)
Details
- Type
- Multi-family
- Size
- 11979 sq ft
- Basement
- None
- Property tax
- $31,169
- Neighbourhood
- East L
- Municipality
- London
Interior
- Fireplace
- No
- Appliances
- Microwave
Heating, cooling and services
- Heating
- Baseboard heaters, Radiant heat, Natural gas
- Air conditioning
- Wall unit
- Water and sewer
- Municipal sewage system
Building and exterior
- Year built
- 1970
- Foundation
- Poured Concrete
- Outdoor
- Steel, Brick Veneer
Parking
- Total parking
- 18
- Driveway and parking
- Open
Location
Location is approximate. See nearby homes on the map
Listed by Coldwell Banker Peter Benninger Realty.
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