ON
London East (East K)
N6B1H1
417 Grey Street
417 Grey Street, London East (East K), ON N6B1H1
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Listing Type
Multi Family
Listing Status
active
35
$734,900

Home Details for 417 Grey Street

Price
$734,900
Type
Residential Income
Bedrooms
4
Bathrooms
3.0
Square feet
NaN
Parking
Days on site
47
Listing #
X12272920
Property Description

This fully renovated VACANT triplex in London, ON, is a prime investment opportunity, offering modern finishes, excellent rental income potential, and a strong cap rate of over 7.5%. Situated on a deep lot with room for future development, this property features three beautifully updated units. Each unit boasts brand-new luxury vinyl plank flooring, stylish kitchens with quartz countertops in one unit, upgraded appliances (in all units), and elegant tiled backsplashes. The main floor unit is bright and open-concept, with direct access to the backyard, in-suite laundry, and a partially finished basement perfect for storage. It previously rented for approximately $2,000 per month. The second unit is a well-designed studio apartment with contemporary finishes, generating around $1,350 per month. The upper-level unit features a spacious, open layout with two bedrooms and a brand-new shower, previously renting for $2,200 per month. With its turnkey condition, strong rental demand, and potential for additional development, this triplex is a rare opportunity for investors or those looking to live in one unit while renting out the others. Don't miss out on this high-yield property! (id:31684)

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
Listing Courtesy: CENTURY 21 FIRST CANADIAN CORP
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