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$999,900
Ontario,London East (East G)
For Sale Active
376 BURWELL STREET, London East (East G), Ontario N6B2W2
  • 11
  • 7
  • 3500 - 5000Square Feet
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Basic Details
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! (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X13506184
  • Price: $999,900
  • Bedrooms: 11
  • Bathrooms: 7
  • Square Footage: 3500 - 5000 Sqft
  • Status: Active
  • Property Sub Type: Multi-family
  • Office Key: 276302
Features & Appliances
Features
  • Heating System: Forced air, Natural gas, Baseboard heaters, Electric
  • Cooling System: None
  • Basement: N/A, Unfinished
  • Parking: No Garage
  • Exterior Features: Brick
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, London East (East G), N6B2W2
  • Street: Burwell
  • Street Number: 376
  • Street Suffix: Street
  • Longitude: W82° 45' 44.1''
  • Latitude: N42° 59' 9.2''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Features:
  • Lot Size Dimensions: 56 x 77.4 FT
  • Stories: 2.0
Financial
  • Tax Annual Amount: 8332
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Listing updated: 2026-07-01 18:33:18
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Listing Information
  • List Agent Key: 1943784
  • List Office Key: 276302
  • Modification Timestamp: 2026-06-30T19:30:10Z
  • Originating System Name: London and St. Thomas Association of REALTORS®
  • Status Change Timestamp: 2026-06-30T19:23:12Z
Powered by REALTOR.ca
Listing updated: 2026-07-01 18:33:18
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