417 Grey Street, London East, Ontario N6B 1H1 is For Sale and has a listing price of 698,000. The property is located in the London East . It's been on the website for 7 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 8%. 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, a newly renovated bathroom (2025), in-suite laundry, and a partially finished basement perfect for storage. It was 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.
| List Date | MLS ID | List Price | Status | End Date | Closed Price |
|---|---|---|---|---|---|
| 10/01/2025 | X12435747 | $698,000 | For Sale | - | - |
| 07/09/2025 | X12272920 | $734,900 | Cancelled | 09/30/2025 | - |
| 06/02/2025 | X12188938 | $749,900 | For Sale | 07/09/2025 | - |
| 04/01/2025 | X12052448 | $778,000 | Cancelled | 06/02/2025 | - |