$ 1,224,900
Ontario London East Whitechapel
19 Photos
376 Burwell Street, London East, ON N6B2W2 Photo 2
376 Burwell Street, London East, ON N6B2W2 Photo 3
376 Burwell Street, London East, ON N6B2W2 Photo 4
376 Burwell Street, London East, ON N6B2W2 Photo 5

376 Burwell Street, London East

  • Bedrooms: 11
  • Bathrooms: 7
  • Added: 2 days ago
  • Updated: 2 days ago
  • Last Checked: 10 hours ago
  • Listed by: PRIME REAL ESTATE BROKERAGE
  • View All Photos

Listing description
This Other at 376 Burwell Street London East, ON with the MLS Number x12376527 listed by NATHAN SMITH - PRIME REAL ESTATE BROKERAGE on the London East market 2 days ago at $1,224,900.

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:1945)
Property Details Key information about 376 Burwell Street
  • Heating:
    • Baseboard heaters
    • Electric
  • Structure Type: Other
  • Exterior Features: Brick
Interior Features Discover the interior design and amenities
  • Basement:
    • Unfinished
    • Full
  • Appliances:
    • Refrigerator
    • Stove
    • Water Heater
Exterior & Lot Features Learn about the exterior and lot specifics of 376 Burwell Street
  • Water Source: Municipal water
  • Parking Features: No Garage
  • Lot Size Dimensions: 56 x 77.4 FT
Utilities & Systems Review utilities and system installations
  • Sewer: Sanitary sewer
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Nearby Listings Stat Estimated price and comparable properties near 376 Burwell Street

Active listings
1
Min Price
$1,224,900
Max Price
$1,224,900
Avg Price
$1,224,900
Days on Market
2 days
Sold listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A days

Nearby Places Nearby schools and amenities around 376 Burwell Street

Catholic Central High School (0.2 km)
450 Dundas St, London

H.B. Beal Secondary School (0.3 km)
London

Amici Italian Restaurant (0.3 km)
350 Dundas St, London

The Raja Fine Indian Cuisine (0.8 km)
428 Clarence St, London

Delta London Armouries Hotel (0.4 km)
325 Dundas St, London

Hilton London (0.5 km)
300 King St, London

London Police Service (0.5 km)
601 Dundas St, London

Banting House National Historic Site (0.7 km)
442 Adelaide St N, London

The Canadian Medical Hall of Fame (0.7 km)
267 Dundas St, London

London Public Library (0.7 km)
251 Dundas St, London

Victoria Park (1 km)
509 Clarence St, London

Price History

September 3, 2025
by PRIME REAL ESTATE BROKERAGE
$1,224,900
376 Burwell Street
More Details?
NATHAN SMITH
  • NATHAN SMITH
  • PRIME REAL ESTATE BROKERAGE
  • 519-200-7980

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