ON > London East > East G
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
London East, ON N6B 2W2,376 Burwell ST
London East, ON N6B 2W2,376 Burwell ST
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Laura Ha

Laura Ha

+1(647) 571-7681
$ 999,900
Est. payment | /mo

11 Beds

7 Baths

Save
$ 999,900
Est. payment | /mo
Save

11 Beds

7 Baths

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 X12665316

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

Community East G

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

ParcelsYN No

Listed by PRIME REAL ESTATE BROKERAGE
Laura Ha

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(647) 571-7681

info@homeswithlaura.ca

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376 Burwell ST