Listed by Prime Real Estate Brokerage.

376 Burwell Street is a Multiplex, 2-Storey and is currently for Sale @ $1,224,900. Taxes in 2025 were $8,331.68.

More homes for sale under 1.2M in London East

Presenting a rare opportunity to acquire a 7-unit multifamily property package in the heart of downtown London. The 2-Storey on 376 Burwell Street has 11 bedrooms, 7 bathrooms, and is located on a 77.4 x 56 ft lot in the community of East G . 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.

Refrigerator x7 / Stove x7 / Hot Water Tank x1

The address 376 Burwell Street was listed for sale (MLS# X12376527) on Wednesday, September 03, 2025.