376 Burwell Street
London East, ON
- 11 bed
- 7 bath
- approx. 3500-5000 sqft
- Multiplex
- 72 days on market
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!
Listing Details
- Taxes (2025)
- $8,332
- Listed
- June 30, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Brick
- Interior
- None
- Lot Size
- 56 x 77.4 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 2
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- Burwell / King
- Zoning
- OR
- Parcel Number
- 083170053
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- Refrigerator x7 / Stove x7 / Hot Water Tank x1
- Exclusions
- Tenant's Belongings
- Rental Items
- Hot Water Tank x4 / Coinamtic (Washer/Dryer)
Schools
Secondary
- Catholic Central High School0.2 km
Catholic · London District Catholic School Board · 1310 students
Grade 10 literacy: 89% met the provincial standard
- H B Beal Secondary School0.3 km
Public · Thames Valley DSB · 1525 students
Grade 10 literacy: 79% met the provincial standard
- London Central Secondary School0.6 km
Public · Thames Valley DSB · 955 students
Grade 10 literacy: 91% met the provincial standard
Elementary
- Woodfield French Immersion Public School0.7 km
Public · Thames Valley DSB · 270 students
Grade 3 reading: 88% met the provincial standard · Grade 6 math: 52% met the provincial standard
- Aberdeen Public School0.8 km
Public · Thames Valley DSB · 295 students
Grade 3 reading: 43% met the provincial standard · Grade 6 math: 33% met the provincial standard
- St Mary School0.8 km
Catholic · London District Catholic School Board · 230 students
Grade 6 math: 85% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N6B
- Population
- 11,101
- Private dwellings
- 7,181
- Median age
- 38
- Average household size
- 1.6
- Median household income
- $49,200
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in London East · last 12 months
- Median sold price
- $462,500
- Homes sold
- 1,335
- Median days on market
- 25
- Sale-to-list price
- 97.0%
Based on 1,335 recorded sales of residential freehold properties in London East over the last 12 months.
Listed by
PRIME REAL ESTATE BROKERAGE
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$199,980
Estimated Monthly Payment
$4,912
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,912/mo (20% down, 5.5%)
Taxes: $694/mo · Insurance: $250/mo
Estimates only. Consult a financial advisor.
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