417 Grey Street, London East (East K), Ontario N6B1H1 is For Sale and has a listing price of 778,000. The property is located in the neighbourhood. It's been on the website for 32 Days.
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:43137)
| Bedroom - Second | 3.35 m x 2.78 m |
| Bathroom - Second | 2.26 m x 1.75 m |
| Bedroom 2 - Second | 3.35 m x 2.8 m |
| Living room - Second | 3.67 m x 2.77 m |
| Kitchen - Second | 3.67 m x 2.8 m |
| Living room - Main | 3.94 m x 5.68 m |
| Kitchen - Main | 3.69 m x 3.48 m |
| Primary Bedroom - Main | 2.78 m x 2.94 m |
| Bathroom - Main | 2.29 m x 1.51 m |
| Primary Bedroom - Main | 3.79 m x 5.67 m |
| Kitchen - Main | 2.56 m x 1.51 m |
| Dining room - Main | 3.69 m x 2.2 m |
| Bathroom - Main | 2.15 m x 3.43 m |
