$999,900
Est. payment $4,427/moCalculate yours
376 Burwell Street, London East, ON N6B 2W2
East, London, ON N6B 2W2
- 11 Beds
- 7 Baths
- 3,500 Sq Ft
Listing courtesy of PRIME REAL ESTATE BROKERAGE MLS® X13506184
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!
Property details
Overview
- Property Type
- Multiplex
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Size
- 3,500 sqft
Interior
- Bedrooms
- 11
- Bathrooms
- 7
- Kitchens
- 7
- Basement
- Unfinished
Building & Systems
- Heating
- Baseboard (Electric)
- Cooling
- None
- Exterior
- Brick
- Foundation
- Brick
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 56 x 77.4 Feet
- Parking
- None garage · 2 total
- Zoning
- OR
Financial
- Property Taxes
- $8,332 (2025)
Location
- Neighbourhood
- East
- Cross Street
- Burwell / King
- Direction Faces
- East
Listing
- MLS® Number
- X13506184
- Days on Market
- 110
- Listed On
- 2026-06-30
- Possession
- Flexible
- Listed By
- PRIME REAL ESTATE BROKERAGE
Features
Interior
- None
Property
- Arts Centre
- Hospital
- Library
- Place Of Worship
- Public Transit
Pool
- None
- Included
- Refrigerator x7 / Stove x7 / Hot Water Tank x1
- Excluded
- Tenant's Belongings
- Rental items
- Hot Water Tank x4 / Coinamtic (Washer/Dryer)
Mortgage calculator
Estimated mortgage payment
$4,427 per month
- Principal and interest
- $4,427
- Property tax
- $694
- Condo fees
- $0
- Estimated monthly cost
- $5,122
Your mortgage
- Mortgage amount
- $799,920
- Mortgage insurance
- Not needed
- Interest over 25 years
- $528,282
Cash to close
- Down payment
- $199,980
- Land transfer tax
- $16,473
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $216,453
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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