Skip to content

376 BURWELL STREET, London East (East G)

11 BEDS · 7 BATHS · 3500 - 5000 sqft

$999,900

Presenting an opportunity to acquire a 7-unit multifamily property package in the heart of downtown London. This offering includes both a triplex and a fourplex, providing immediate cash flow with long-term value-add potential. The unit mix consists of four 2-bedroom units and three 1-bedroom units, appealing to a broad tenant base. Four units have been fully renovated with modern upgrades, delivering strong rental appeal and reduced near-term maintenance, while the remaining three units offer clear upside through cosmetic and functional improvements. Currently operating at a 6.9% cap rate, the property provides solid in-place returns with additional income growth potential as rents are brought to market and value-add improvements are completed. Shared on-site laundry adds tenant convenience while generating supplemental income. Ideally located just steps from London's downtown core, tenants benefit from close proximity to transit, shopping, dining, employment hubs, and post-secondary institutions-factors that support consistent rental demand and low vacancy. For investors seeking a balance of stability and upside, this asset offers a compelling opportunity to acquire a partially renovated multifamily property with multiple pathways to grow both equity and cash flow at a STEAL of a price!

General Info


MLS Listing ID: X13506184 Bedrooms: 11 Bathrooms: 7 Year Built: 0
Listing Type: Multi-family Half Baths: N/A Fireplace Fuel: N/A Maintenance Fee: N/A
Foundation: Brick Roof: N/A Title To Land: N/A Parking Space Total: 2
Parking: No Garage Heating: Baseboard heaters, Forced air Size: 3500 - 5000 sqft Air Conditioning : None
Home Style: N/A Finished Floor Area: N/A Fireplaces: N/A Basement: N/A (Unfinished)
Water Supply: Municipal water Road Type: N/A Pool Type: N/A
Listed BY: JUSTIN KONIKOW, PRIME REAL ESTATE BROKERAGE

Amenities/Features


  • Flat site

Mortgage Calculator


Disclaimer: NOTE: ©1998-2019 The Canadian Real Estate Association. All rights reserved. REALTOR®, REALTORS®, and all related graphics are trademarks of REALTOR® Canada Inc. a corporation owned by The Canadian Real Estate Association and the National Association of REALTORS®.

CONTACT ME

CONTACT FORM