$999,900
376 Burwell Street, London East, ON N6B 2W2
11 beds7 baths2 parking 3500-5000 ft²
Key facts
- MLS®
- X13506184
- Status
- New
- Type
- Multiplex
- Taxes
- $8,332
- Size
- 3500-5000 ft²
- Parking
- 2 total
- Listed
- 2026-06-30
- Brokerage
- PRIME REAL ESTATE BROKERAGE
- Cross street
- Burwell / King
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!
IDX listing data provided by AMPRE / TRREB. Information is believed reliable but not guaranteed.