417 Grey Street, London East, ON Image 1

$734,900

Triplex For Sale
MLS - #X12272920
20 hours ago- By CENTURY 21 FIRST CANADIAN CORP

417 Grey Street, London East, ON N6B 1H1

4 Bed
3 Bath
1500-2000 Sqft.
None Garage

Property Description

Property type

Triplex

Lot size

< .50

Style

2-Storey

Approx. Area

1500-2000 Sqft

Room Information

Room TypeDimension (length x width)FeaturesLevel
Living Room3.94 x 5.68 mN/AMain
Kitchen3.69 x 3.48 mN/AMain
Primary Bedroom2.78 x 2.94 mN/AMain
Bathroom2.29 x 1.51 m4 Pc BathMain

About 417 Grey Street

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!

Home Overview

Last updated

20 hours ago

Virtual tour

None

Basement information

Unfinished

Building size

--

Status

In-Active

Property sub type

Triplex

Maintenance fee

$N/A

Year built

--

Additional Details

Basement:Unfinished
Cooling:None
Heating:Forced Air
Parking Features:Private
6
Similar Homes Found
$527,950
Average Price
39.2%
Higher than average

Price Comparison

Note * Price comparison is based on the similar properties listed in the area and may not be accurate. Consult licensed real estate agent for accurate comparison.

Location

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Walk Score for 417 Grey Street

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

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