For Sale: 376 Burwell Street, London, ON - REW
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$999,900
11 bd • 7 ba • 3500 - 4999 sf • Multifamily
376 Burwell Street
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$999,900
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376 Burwell StreetLondon, ON, N6B 2W2

Central London
  • 11 Bed
  • 7 Bath
  • 3500 - 4999 Sqft
  • Multifamily

About this home

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:63626)
Listed by: JUSTIN KONIKOW, Salesperson, PRIME REAL ESTATE BROKERAGE

Home facts and features

Price details
List Price
$999,900
Get Pre-Approved
Gross Taxes for 2025
$8,332
Home facts
Bedrooms
11
Full Bathrooms
7
Parking Spaces
2
Parking Details
No Garage
Property Type
Multifamily
Depth
77.4 feet
Frontage
56.0 feet
Exterior Finish
Brick
Heating Type
Baseboard heaters, Forced air, Electric, Natural gas
Basement Details
Unfinished,
Features
Flat site
Appliances
Refrigerator, Stove, Water Heater
Community
Agent details
Primary Agent
JUSTIN KONIKOW
Primary Broker
PRIME REAL ESTATE BROKERAGE
Secondary Agent
NATHAN SMITH
Secondary Broker
PRIME REAL ESTATE BROKERAGE
Listing details
Days on REW
156 Days
Property Views
57
MLS® Number
X12665316
Source
Canadian Real Estate Association
Board
London and St. Thomas Association of REALTORS®
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25 Years
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Property Insights

Catholic Central High School
  • Catholic
  • 9 - 12
H B Beal Secondary School
  • Public
  • 9 - 12
London Central Secondary School
  • Public
  • 9 - 12
St Mary School
  • Catholic
  • 5 - 8
Aberdeen Public School
  • Public
  • JK - 8
St. John French Immersion School
  • Catholic
  • JK - 8
St Georges Public School
  • Public
  • JK - 8
Lester B Pearson School for the Arts
  • Public
  • 4 - 8
B Davison Secondary School
  • Public
  • 9 - 12
Tecumseh Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
JUSTIN KONIKOW
Phone:
519-860-6547
Cell:
519-473-9992
Office:
519-473-9992
Salesperson
NATHAN SMITH
Phone:
(519) 200-7980
Cell:
519-200-7980
Office:
519-473-9992
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.