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CAONLondon376 Burwell St
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376 Burwell St, London, ON

Real Estate

For Sale

$X
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1172

MLS® X12665316

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size -
Garage Yes
Maintenance Fees 
Taxes $8,332
Days Active 1
Approx. Age 
MLS® Number X12665316

Property Address: 376 Burwell St, London, ON, N6B2W2

Average square foot calculated using Size range provided by listing agent.

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! (id:58753)Show Description
MLS® NumberX12665316
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

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Commute

Starting Address
Destination Address
376 Burwell St, London, ON

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