368-3689910_homelife-bayside-realty-ltd-brokerage

Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD

Call Now: 416-939-2500 Email: vikas@vikaspalan.com

376 Burwell Street, London East, ON N6B 2W2
$999,900
  • Sale
  • Multiplex
  • 27 days ago
  • Updated: 2026-01-19

Overview

  • Multiplex
  • 11
  • 7
  • 2
  • 3500-5000
  • N/A

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!

Details

  • X12665316
  • 2
  • $999,900
  • N/A SquareFeet
  • 3500-5000 Sqft
  • N/A
  • 11
  • 7
  • Multiplex
  • None
  • 7 + 7
  • 2-Storey
  • Sale

Additional details

  • N
  • N/A
  • N
  • Unfinished
  • None
  • Arts Centre,Hospital,Library,Place Of Worship,Public Transit
  • Municipal

Schools Nearby

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FAQ

  • What is the total square footage of the X12665316 - 376 Burwell Street, London East, ON N6B 2W2?

    The total square footage of this property is 3500-5000 SqFt.

  • What schools near to X12665316 - 376 Burwell Street, London East, ON N6B 2W2?

    .

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