ON > London East > East G
London East, ON N6B 2W2,376 Burwell ST
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London East, ON N6B 2W2,376 Burwell ST
London East, ON N6B 2W2,376 Burwell ST
London East, ON N6B 2W2,376 Burwell ST
London East, ON N6B 2W2,376 Burwell ST
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 1,149,900
Est. payment /mo
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Price Dropped by $75K

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 X12376527

Style 2-Storey

Bedrooms 11

Annual Tax Amount $8,331

Tax Year 2025

Property Sub-Type Multiplex

Lot Depth 77.4

Lot Front 56.0

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

Basement Full, Unfinished

Kitchen 7

Interior

Interior Features None

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

Lot Frontage 56.0

Lot Depth 77.4

Total Parking Spaces 2

Building

Building Age 100+

Foundation Brick

Others

Senior Community No

ParcelsYN Yes

Listed by PRIME REAL ESTATE BROKERAGE
Jethro Seymour

Jethro Seymour

Broker

+1(416) 712-0767

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376 Burwell ST

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