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Renanza Realty
For sale

308 EGERTON Street

London, Ontario

MLS® 40836007

$3,400,000

Status
Active
Property type
Multi-family
MLS® number
40836007
Bedrooms
27
Bathrooms
15
Year built
1970

Listing 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.

Property summary

MLS® number
40836007
Property type
Multi-family
Square footage
11,979 sq ft
Title
Freehold
Land size
0.43 acres
Built in
1970
Annual property taxes
$31,169.00
Parking
18 spaces · Open
Days on market
84 days

Features & details

Heating
Baseboard heaters, Radiant heat, Natural gas
Cooling
Wall unit
Basement
None
Appliances
Microwave
Exterior features
Steel, Brick Veneer
Lot features
Industrial mall/subdivision, Laundry- Coin operated
Community features
Industrial Park

What would this home cost you?

Based on the $3,400,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$15,820 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of COLDWELL BANKER PETER BENNINGER REALTY, KITCHENER.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.