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417 GREY STREET
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417 GREY STREET $778,000
2 days ago
$778,000
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417 GREY STREET
London East (East K), Ontario N6B1H1

MLS® Number: X12052448
4
Bedrooms
3
Bathrooms
1100 - 1500
Square Feet

Listing 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! (40151514)

Location Description

Colborne

Property Summary

Property Type
Multi-family
Building Type
Triplex
Storeys
2
Square Footage
1100 - 1500 sqft
Community Name
East K
Land Size
35.1 x 165.4 FT ; 35.06 ft x 165.38 ft x 35.13 ft x 166.24|under 1/2 acre
Age Of Building
51 to 99 years
Annual Property Taxes
$3,161.98
Parking Type
No Garage
Time on REALTOR.ca
2 days

Building

Bedrooms
Above Grade
4
Bathrooms
Total
3
Interior Features
Appliances Included
Water Heater, Dryer, Stove, Washer, Refrigerator
Basement Type
N/A (Unfinished)
Building Features
Features
Flat site, Carpet Free
Foundation Type
Block
Fire Protection
Smoke Detectors
Building Amenities
Separate Electricity Meters
Structures
Porch, Shed
Heating & Cooling
Heating Type
Forced air (Natural gas)
Utilities
Utility Type
Cable (Available), Sewer (Installed)
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Amenities Nearby
Hospital, Park, Place of Worship, Public Transit
Parking
Parking Type
No Garage
Total Parking Spaces
3

Measurements

Square Footage
1100 - 1500 sqft

Rooms

MetricImperial
Main level
Living room
Kitchen
Primary Bedroom
Bathroom
Primary Bedroom
Kitchen
Dining room
Bathroom
Second level
Bedroom
Bathroom
Bedroom 2
Living room
Kitchen

Land

Lot Features
Fencing
Fenced yard
Frontage
35 ft ,1 in
Land Depth
165 ft ,4 in
View
City view
Other Property Information
Zoning Description
R3-1
Data provided by: London and St. Thomas Association of REALTORS® 342 COMMISSIONERS Road West, LONDON, Ontario N6J 1Y3
519-673-3390
519-807-7099
REALTOR® Website
Email
Book showing
CENTURY 21 FIRST CANADIAN CORP
Brokerage
420 YORK STREET
LONDON, Ontario N6B1R1
519-673-3390

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