417 GREY STREET Active Save Request In-Person Tour Request Virtual Tour
London,ON N6B1H1
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $518
Subdivision East K
MLS Listing ID X12052448
Bedrooms 4
Originating Board London and St. Thomas Association of REALTORS®
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:24570)
Location
Province ON
Rooms
Kitchen 3.0
Extra Room 1 Second level 3.35 m X 2.78 m Bedroom
Extra Room 2 Second level 2.26 m X 1.75 m Bathroom
Extra Room 3 Second level 3.35 m X 2.8 m Bedroom 2
Extra Room 4 Second level 3.67 m X 2.77 m Living room
Extra Room 5 Second level 3.67 m X 2.8 m Kitchen
Extra Room 6 Main level 3.94 m X 5.68 m Living room
Interior
Heating Forced air
Exterior
Parking Features No
Fence Fenced yard
View Y/N Yes
View City view
Total Parking Spaces 3
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Others
Virtual Tour https://kuula.co/share/collection/7bWfR?logo=0&info=0&fs=1&vr=1&sd=1&initload=0&thumbs=1