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Est. payment /mo
Active
376 Burwell ST London East, ON N6B 2W2
11 Beds
7 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision East G
MLS Listing ID X13506184
Style 2-Storey
Bedrooms 11
Annual Tax Amount $8,332
Tax Year 2025
Property Sub-Type Multiplex
Property Description
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!
Location
Province ON
County Middlesex
Area Middlesex
Zoning OR
Rooms
Family Room Yes
Basement Unfinished
Kitchen 7
Interior
Interior Features None
Cooling None
Inclusions Refrigerator x7 / Stove x7 / Hot Water Tank x1
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 56.0
Lot Depth 77.4
Total Parking Spaces 2
Building
Foundation Brick
Others
Senior Community No
Security Features Other
ParcelsYN No
Listed by PRIME REAL ESTATE BROKERAGE
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145 Wharncliffe Rd S, London, ON N6J 2K4, CAN
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