376 Burwell St

For Sale 47 Days
$1,224,900 $75K
$1,149,900
11 beds
7 baths

376 Burwell St

For Sale 47 Days
$1,224,900 $75K
$1,149,900
11 beds
7 baths

Highlights

Key insights

Description

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:63267)

JUSTIN KONIKOW of PRIME REAL ESTATE BROKERAGE,
#X12376527
updated 3 days ago.
Houseful checked MLS® for data 3 days ago.

Home overview

Amenities / Utilities
  • Heat source
    Electric
  • Heat type
    Baseboard heaters
  • Sewer/ septic
    Sanitary sewer
Exterior
  • # total stories
    2
  • # parking spaces
    2
Interior
  • # full baths
    7
  • # total bathrooms
    7.0
  • # of above grade bedrooms
    11
Location
  • Subdivision
    East g
  • View
    City view
  • Directions
    2026743
Overview
  • Lot size (acres)
    0.0
  • Listing #
    X12376527
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28804340/376-burwell-street-london-east-east-g-east-g
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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