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Key Facts
Key facts for 417 Grey Street
Property Type
Apartment, 2-Storey
Parking
None 0 garage, 3 parking
MLS #
X12052448
Size
1500-2000 sqft
Basement
Unfinished
Listed on
2025-04-01
Lot size
35 x 165.38
Tax
$3,161.98 /yr
Days on Market
183
Approximate Age
51-99
Maintenance Fee
-
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!
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