417 Grey ST new Save Request In-Person Tour Request Virtual Tour
London East,ON N6B 1H1
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision East K
MLS Listing ID X12052448
Style 2-Storey
Bedrooms 4
Building Age 51-99
Annual Tax Amount $3,161
Tax Year 2024
Property Sub-Type Triplex
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!
Location
Province ON
County Middlesex
Community East K
Area Middlesex
Rooms
Family Room Yes
Basement Unfinished
Kitchen 3
Interior
Interior Features Carpet Free,Separate Hydro Meter,Water Heater
Cooling None
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Porch
Parking Features Private
Pool None
Waterfront Description None
View City,Downtown
Roof Type Asphalt Shingle
Topography Flat
Lot Frontage 35.06
Lot Depth 165.38
Total Parking Spaces 3
Building
Unit Features Fenced Yard,Hospital,Library,Park,Place Of Worship,Public Transit
Foundation Block
Others
Security Features Smoke Detector
ParcelsYN No
Virtual Tour https://kuula.co/share/collection/7bWfR?logo=0&info=0&fs=1&vr=1&sd=1&initload=0&thumbs=1