Listed by Prime Real Estate Brokerage.

376 Burwell Street is a Multiplex, 2-Storey and is currently for Sale @ $999,900. Taxes in 2025 were $8,332.00.

More homes for sale under 1M in London East

Presenting an 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 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!

Refrigerator x7 / Stove x7 / Hot Water Tank x1

The address 376 Burwell Street was listed for sale (MLS# X12665316) on Tuesday, January 06, 2026.