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
Appx SqFt 1100-1500
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
Kitchen 3
Interior
Cooling None
Exterior
Exterior Feature Porch
Parking Features Private
Pool None
Waterfront Description None
View City,Downtown
Roof Type Asphalt Shingle
Building
Foundation Block
Others
Virtual Tour https://kuula.co/share/collection/7bWfR?logo=0&info=0&fs=1&vr=1&sd=1&initload=0&thumbs=1