$1,224,900
7.63 BTC
Photos
376 Burwell Street, London
$1,224,900
PRICE
11
BEDROOMS
7
BATHROOMS
X12376527
MLSID

376 Burwell Street, London

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.
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Summary

Address
376 Burwell Street
City
Community
MLSID
X12376527
Property Type
Multiplex
Property Category
Bedrooms
11
Bathrooms
7
Kitchens
7
Zoning
OR
Taxes (Annual)
$8,331.68
Tax Year
2025
Published
September 3, 2025
Days on Market
11 Days
Possession Type
Flexible
Possession Details
Flexible
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Inclusions

Refrigerator x7 / Stove x7 / Hot Water Tank x1

Exclusions

Tenant's Belongings

Details

Property Features
Arts Centre, Hospital, Library, Park, Place Of Worship, Public Transit
Basement
Full, Unfinished
Exterior Features
Porch
Interior Features
None
Parking Spaces
2
Parking Total
2
Parking Features
Private
Architectural Style
2-Storey
Roof
Asphalt Shingle
Construction Materials
Brick
Lot Size
4,363
Lot Width
56 Feet
Lot Depth
77 Feet
Water
Municipal
Heat Source
Electric
Heat Type
Baseboard
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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