376 BURWELL STREET

Key facts

• Property type: Multi-family
• Structure: Other
• Transaction: For Sale
• Price: $999,900
• Bedrooms: 11
• Bathrooms: 7
• Lot size: 56 x 77.4 FT
• Parking: 2
• Listing key: 29219124

Listing overview

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, ten...