London, ON N6B1H1 417 GREY STREET

$778,000

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Presented By: CENTURY 21 FIRST CANADIAN CORP
  • MLS# X12052448
  • 04/01/2025
  • Request Tour
  • Request Info
  • Beds • 4
  • Baths • 3
  • SQFT • 1,500

Home Details

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:7434)
Presented By: CENTURY 21 FIRST CANADIAN CORP

Interior Features for 417 GREY STREET

Other Interior Features

Basement DevelopmentUnfinished
Basement TypeN/A (Unfinished)
Building Fireplace PresentFalse
Building Heating FuelNatural gas
Building Heating TypeForced air

General for 417 GREY STREET

AmenitiesHospital, Park, Place of Worship, Public Transit
Building Age51 to 99 years
Building AmenitiesSeparate Electricity Meters
Building AppliancesWater Heater, Dryer, Stove, Washer, Refrigerator
Building TypeTriplex
Building.StoriesTotal2
CommunityNameEast K
FeaturesFlat site, Carpet Free
Foundation TypeBlock
Location DescriptionColborne
Parking Space Total3
Property TypeMulti-family
Zoning DescriptionR3-1

Exterior for 417 GREY STREET

Exterior FinishBrick
Fence TypeFenced yard
Land Amenities Hospital, Park, Place of Worship, Public Transit
SewerSanitary sewer
StructurePorch, Shed
ViewTypeCity view

Additional Details

Paul Dojcinovic

TEAM LEADER, REALTOR® at eXp Realty
Price $778,000
MLS#X12052448
List Date 04/01/2025
Property Type Multi-Family
Phone 403.608.2191
Request Tour
Request Info
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