376 BURWELL STREET
London East (East G), Ontario
MLS® X13506184
$999,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13506184
- Bedrooms
- 11
- Bathrooms
- 7
- Year built
- —
1 / 26Listing 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!
Property summary
- MLS® number
- X13506184
- Property type
- Multi-family
- Building type
- Other
- Land size
- 56 x 77.4 FT
- Annual property taxes
- $8,332.00
- Parking
- 2 spaces · No Garage
- Days on market
- 62 days
Features & details
- Heating
- Baseboard heaters, Forced air, Electric, Natural gas
- Cooling
- None
- Basement
- Unfinished, N/A
- Appliances
- Refrigerator, Stove, Water Heater
- Exterior features
- Brick
- Lot features
- Flat site
What would this home cost you?
Based on the $999,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of PRIME REAL ESTATE BROKERAGE, LONDON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.