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?