$778,000
Available - For Sale
Listing ID: X12052448
417 Grey Stre , London East, N6B 1H1, Middlesex
| 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! |
| Price | $778,000 |
| Taxes: | $3161.98 |
| Assessment Year: | 2025 |
| Occupancy by: | Owner |
| Address: | 417 Grey Stre , London East, N6B 1H1, Middlesex |
| Acreage: | < .50 |
| Directions/Cross Streets: | Colborne |
| Rooms: | 14 |
| Bedrooms: | 4 |
| Bedrooms +: | 0 |
| Family Room: | T |
| Basement: | Unfinished |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Living Ro | 12.92 | 18.63 | |
| Room 2 | Main | Kitchen | 12.1 | 11.41 | |
| Room 3 | Main | Primary B | 9.12 | 9.64 | |
| Room 4 | Main | Bathroom | 7.51 | 4.95 | 4 Pc Bath |
| Room 5 | Main | Primary B | 12.43 | 18.6 | |
| Room 6 | Main | Kitchen | 8.4 | 4.95 | |
| Room 7 | Main | Dining Ro | 12.1 | 7.22 | |
| Room 8 | Main | Bathroom | 7.05 | 11.25 | 3 Pc Bath |
| Room 9 | Second | Living Ro | 12.04 | 9.09 | |
| Room 10 | Second | Kitchen | 12.04 | 9.18 | |
| Room 11 | Second | Bedroom | 10.99 | 9.12 | |
| Room 12 | Second | Bathroom | 7.41 | 5.74 | |
| Room 13 | Second | Bedroom 2 | 10.99 | 9.18 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 3 | Main |
| Washroom Type 3 | 3 | Second |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 4 | Main |
| Washroom Type 7 | 3 | Main |
| Washroom Type 8 | 3 | Second |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 51-99 |
| Property Type: | Triplex |
| Style: | 2-Storey |
| Exterior: | Brick |
| Garage Type: | None |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 3 |
| Park #1 | |
| Parking Type: | Private |
| Park #2 | |
| Parking Type: | Private |
| Pool: | None |
| Other Structures: | Garden Shed |
| Approximatly Age: | 51-99 |
| Approximatly Square Footage: | 1100-1500 |
| Property Features: | Fenced Yard, Hospital |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Elevator Lift: | False |
| Sewers: | Sewer |
| Utilities-Cable: | A |
| Utilities-Hydro: | Y |
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| CENTURY 21 FIRST CANADIAN CORP |
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|
Arthur Sercan & Jenny Spanos
Sales Representative
Dir:
416-723-4688
Bus:
416-445-8855
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At a Glance:
| Type: | Freehold - Triplex |
| Area: | Middlesex |
| Municipality: | London East |
| Neighbourhood: | East K |
| Style: | 2-Storey |
| Approximate Age: | 51-99 |
| Tax: | $3,161.98 |
| Beds: | 4 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
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