ON > London > East K
London, ON N6B 1H1,417 Grey ST
London, ON N6B 1H1,417 Grey ST
London, ON N6B 1H1,417 Grey ST
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$778,000
Est. payment /mo
4 Beds
3 Baths
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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 X12052448

Style 2-Storey

Bedrooms 4

Building Age 51-99

Annual Tax Amount $3,161

Tax Year 2024

Property Sub-Type Triplex

Lot Depth 165.38

Lot Front 35.06

Appx SqFt 1500-2000

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

Zoning R3-1

Rooms

Family Room Yes

Basement Unfinished

Kitchen 3

Interior

Interior Features Carpet Free, Separate Hydro Meter, Water Heater

Cooling None

Inclusions Stove X3, Fridge X3, Washer & Dryer

Exterior

Exterior Feature Porch

Parking Features Private

Pool None

View City, Downtown

Roof Type Asphalt Shingle

Lot Frontage 35.06

Lot Depth 165.38

Total Parking Spaces 3

Building

Foundation Block

Others

Senior Community No

Security Features Smoke Detector

ParcelsYN No

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Listed by CENTURY 21 FIRST CANADIAN CORP

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agent

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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