308 EGERTON Street, London, Ontario, N5Z2G7




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$2,890,000
London
This multi-family property in London is for sale offering roughly 11,979 sq ft of space.
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:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 156 days on market, against an average age of 62 days across the listings currently for sale in this city
This 27-bed multi-family in London is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $2,890,000, about 44.8× the local median household income of $64,500.
Carrying it typically needs a household income of about $564,518 (20% down, 25-yr amortization, stress-tested) — roughly 775% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5Z)
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Loading rates, 30-yr amortization
Cash Needed to Close
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