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$ 1,224,900
Est. payment /mo
New
376 BURWELL STREET London East (east G), ON N6B2W2
11 Beds
7 Baths
3,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $349
Subdivision East G
MLS® Listing ID X12376527
Bedrooms 11
Source London and St. Thomas Association of REALTORS®
Property 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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Exterior
Parking Features No
View Y/N Yes
View City view
Total Parking Spaces 2
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by PRIME REAL ESTATE BROKERAGE
