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:47421)
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Detailed Information
Bedrooms
11
Bathrooms
7
Lot
56 x 77.33 ft
Amenities Nearby
Hospital, Place of Worship, Public Transit
Equipment
Water Heater, Dryer(s), Washer(s)
Features
Flat site
Listing Contract Date
2026-01-06
Location Description
Burwell / King
# of Parking Spaces
2
Property Type
Multi-family
Rental Equipment
Water Heater, Dryer(s), Washer(s)
Transaction Type
For sale
Zoning Description
OR
Building
Appliances
Water Heater, Stove, Refrigerator
Basement Development
Unfinished
Basement Type
N/A (Unfinished)
Cooling Type
None
Exterior Finish
Brick
Foundation Type
Brick
Heating Fuel
Electric, Natural gas
Heating Type
Baseboard heaters, Forced air
Stories Total
2
Type
Other
Utility Water
Municipal water
Parking Spaces
Name
Spaces
No Garage
Land
Total Size
56 x 77.4 FT
Amenities
Hospital, Place of Worship, Public Transit
Sewer
Sanitary sewer
Size of Irregular Land
56 x 77.4 FT
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