376 Burwell Street, London East (East G) ON

About 376 Burwell Street

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! (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
Lot:  56 x 77.4 FT 56 x 77.4 FT
Exterior Finish:  Brick
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Electric, Natural gas / None
Age: 
Foundation: Brick
Basement:  N/A (Unfinished) Unfinished

Rooms & Sizes