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376 BURWELL STREET, London East (East G)
2026-01-06
Quick Summary
- Location
- 376 BURWELL STREET, London East (East G), Ontario N6B2W2
- Price
- $999,900
- Status:
- For Sale
- Property Type:
- Multi-family
- Area:
- 3500 - 5000 sqft
- Bedrooms:
- 11
- Bathrooms:
- 7
- Garages:
- 2
MLS®#X12665316
Property 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:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Hospital, Place of Worship, Public Transit
Building
- Appliances: Water Heater, Stove, Refrigerator
- Basement Development: Unfinished
- Basement Type: N/A (Unfinished)
- Cooling Type: None
- Exterior Finish: Brick
- Fireplace: No
- Interior Size: 3500 - 5000 sqft
- Building Type: Other
- Stories: 2
- Utility Water: Municipal water
Features
- Feature: Flat site
Land
- Land Size: 56 x 77.4 FT
- Sewer: Sanitary sewer
Zoning
- Description: OR
Information entered by PRIME REAL ESTATE BROKERAGE
Listing information last updated on: 2026-01-12 15:53:56
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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