376 BURWELL STREET, London East (East G), ON N6B2W2
East G
Key Facts
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:31684)
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Parking Spaces
2
Listing #
X13506184
Property Features
Cooling
Heating
Affordability Calculator
$199,980
Estimated monthly payment
$5,322/mo
Principal $799,920 · Est. interest $1,115,960 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in London East, ON
- CA$687,395
- Median Listing Price
- 48
- Median Days on Market
- 1,500
- Median Sq Ft
- CA$477
- Median Price / Sq Ft
- 6,856
- Active Listings
- This home’s price is 45% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in London East, ON.
Location
Points of Interest in London East (East G), ON
Showing the London East (East G) area map.
Nearby Schools
Catholic Central High School
Secondary · 0.2 km away
London Bridge
School · 0.2 km away
H.B. Beal Secondary School
Secondary · 0.3 km away
Lord Roberts Public School
School · 0.6 km away
St Mary Choir Catholic School
School · 0.8 km away
Aberdeen Public School
School · 0.8 km away
London Bridge
School · 1.0 km away
London International Academy
School · 1.0 km away
Westervelt College - London
Secondary School · 1.1 km away
The London School
Secondary · 1.1 km away
Grosvenor Nursery School
School · 1.3 km away
The Montessori Academy
Elementary · 1.4 km away
St George's Public School
School · 1.6 km away
Grand Avenue Childrens Centre
School · 1.7 km away
Thames Secondary School
Secondary · 1.8 km away
Lester B Pearson School for the Arts
School · 1.8 km away
Preschool of the Arts
School · 1.9 km away
London Montessori School
Elementary · 2.0 km away
St Michael Separate School
School · 2.1 km away
Holy Rosary Catholic School
School · 2.1 km away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 235 Hamilton Road, London East, ON | CA$769,900 | 11 | 6 | — |
| 235 HAMILTON ROAD, London East (East L), ON | CA$769,900 | 11 | 6 | — |
| 235 HAMILTON Road, London, ON | CA$769,900 | 11 | 5 | 3,668 |
| 334 Queens Avenue, London East, ON | CA$799,000 | 20 | 3 | — |
| 334 QUEENS AVENUE, London East (East F), ON | CA$799,000 | 20 | 3 | — |
| 271-273 RIDEAU STREET, Kingston (East of Sir John A. Blvd), ON | CA$949,000 | 11 | 5 | — |
Moving Cost Estimate
EXIT Agents in London East (East G)
Listing Courtesy: PRIME REAL ESTATE BROKERAGE
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