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 Type:
Residential Income
Property SubType:
Apartment
Year built:
1970
(Age: 56)
Listing General Location:
East L, East
Bedrooms:
27
Bathrooms:
15.0
(Full:-/Half:-)
Lot Size:
18,731 sq. ft.1,740 m2
Lot Details:
66.17 x
Lot Frontage:
66'2"20.2 m
Lot Shape:
221.36x66.17x99.77x33.09x121.55x99.48 FT
Kitchens:
0
County Or Parish:
Middlesex
Features:
Crops Included: No, Garage: No, New Construction: No
Construction:
Brick Veneer, Steel Siding
Basement:
None
Foundation:
Poured Concrete
Roof:
Flat, Shingle
Number of Storeys:
2
Number of Buildings:
0
Total Floor Area:
11,979 sq. ft.1,113 m2
Finished Area Above Grade:
11,979 sq. ft.1,113 m2
Fireplace:
false
Laundry Features:
Coin Operated
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
Cooling:
Wall Unit(s)
Heating:
Baseboard, Natural Gas, Radiant
Microwave,Fridge, Stove, Dishwasher
Microwave, Dishwasher, Refrigerator, Stove
Separate Heating Controls
false
No
From Hwy 401 and Highbury Ave. S. interchange take Highbury Ave. S. north to Hamilton Road, turn left on Hamilton Road. Turn right onto Egerton Street. Drive north past Trafalgar Street to arrive at 308 Egerton Street on your left.
No
HST Applicable To Sale Price:
Yes
Association Fee 2 Frequency:
Monthly
Features:
Crops Included: No, Garage: No, New Construction: No
Zoning:
Residential R2-2
Total Acres:
0.43
Lot Site Features:
Irregular Lot, Highway Access, Industrial Mall, Industrial Park, Library, Public Transit
Features:
Crops Included: No, Garage: No, New Construction: No