417 Grey ST new

London East,ON N6B 1H1

$ 778000

4 Beds

3 Baths

- SqFt


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

View More
Favorite Go Tour