308 EGERTON Street · 15-unit multifamily

308 EGERTON Street is a 15-unit 15-unit multifamily in London, ON, asking $2,890,000 — $192,667 per door.

That sits below the London band of $210k - $360k per door. A price under the band usually means condition, location, or an in-place rent roll well below market — confirm which before treating it as a discount. London cap rates screen 4.5% - 5.8% against average rent near $1,900 a door.

At 15 units this is a commercial file: five or more units can be underwritten for CMHC MLI Select, where energy, affordability, and accessibility points decide the tier and the leverage. Below that tier the insured stack you modeled may not exist.

London is useful for student and small-multifamily strategies, but management and licensing drive outcomes. Investor demand reads medium, vacancy balanced.