An electrophile-induced semipinacol rearrangement of cyclopropenylcarbinols is reported. This transformation gives access to various polyfunctionalized cyclopropanes under mild metal-free conditions. The scope of the reaction includes iodine, sulfur and selenium electrophiles, aryl and strained ring migrating groups, and diverse substitution patterns on the cyclopropene. The reaction is particularly efficient for the synthesis of small ring-containing spirocycles, which are important rigid three-dimensional building blocks for medicinal chemistry.