376 Burwell Street, London East (East G) ON

About 376 Burwell Street

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. (id:56071). Get more information on 376 Burwell Street

Property Features

Appliances:  Water Heater, Stove, Refrigerator
Features:  Flat site
Rental Equipment:  Water Heater, Dryer(s), Washer(s)
Directions:  Burwell / King
Zoning Description:  OR
Interior Size:  3500 - 5000 sqft
View:  City view
Lot:  56 x 77.4 FT 56 x 77.4 FT
Exterior Finish:  Brick
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Electric /
Age: 100+ years
Foundation: Brick
Basement:  Full (Unfinished) Unfinished

Rooms & Sizes