376 Burwell ST Active Save Request In-Person Tour Request Virtual Tour
London East,ON N6B 2W2
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 X12376527
Style 2-Storey
Bedrooms 11
Annual Tax Amount $8,331
Tax Year 2025
Property Sub-Type Multiplex
Appx SqFt 3500-5000
Property Description
Presenting a rare 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 and long-term value-add potential. The unit mix features four 2-bedroom units and three 1-bedroom units, appealing to a wide tenant demographic. Four units have been fully renovated with modern upgrades, offering strong rental appeal and reduced maintenance, while the remaining three units present clear potential for forced appreciation through cosmetic and functional improvements. Currently operating at a 5.4% cap rate, this property provides solid in-place returns with the opportunity to further enhance income as rents are brought to market and value-add improvements are completed. Shared on-site laundry facilities provide additional tenant convenience and a secondary income stream. Strategically located just steps from Londons downtown core, tenants benefit from proximity to transit, shopping, dining, employment hubs, and post-secondary institutions. This central location helps ensure consistent rental demand and low vacancy. For investors seeking both stability and upside, this property represents an exceptional opportunity to acquire a turnkey asset with multiple pathways to grow equity and cash flow.
Location
Province ON
County Middlesex
Community East G
Area Middlesex
Zoning OR
Rooms
Family Room Yes
Kitchen 7
Interior
Cooling None
Inclusions Refrigerator x7 / Stove x7 / Hot Water Tank x1
Exterior
Exterior Feature Porch
Parking Features Private
Pool None
View City,Downtown
Roof Type Asphalt Shingle
Building
Building Age 100+
Foundation Brick