ON > London East > East K
London East, ON N6B 1H1,417 Grey ST
London East, ON N6B 1H1,417 Grey ST
London East, ON N6B 1H1,417 Grey ST
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$734,900
Est. payment /mo
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4 Beds
3 Baths
Active

417 Grey ST London East, ON N6B 1H1

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision East K

MLS Listing ID X12272920

Style 2-Storey

Bedrooms 4

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

Building Age 51-99

Unit Features Fenced Yard,Hospital,Library,Park,Place Of Worship,Public Transit

Foundation Block

Others

Security Features Smoke Detector

Virtual Tour https://kuula.co/share/collection/7bWfR?logo=0&info=0&fs=1&vr=1&sd=1&initload=0&thumbs=1

Listed by CENTURY 21 FIRST CANADIAN CORP
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Jasmine Lee

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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417 Grey ST

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