417 GREY STREET

London, , N6B1H1, Canada

$778,000

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!

EXTRAS: Washer, Refrigerator, Stove, Dryer, Water Heater

Virtual Tour: https://kuula.co/share/collection/7bWfR?logo=0&info=0&fs=1&vr=1&sd=1&initload=0&thumbs=1

Last updated on : Monday 14th of April 2025 11:00:49 AM

ADDRESS

Street : 417 GREY STREET

City : London

Country : Canada

Postal Code : N6B1H1

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PROPERTY SUMMARY

Property ID : X12052448

Building Type : Triplex

Property Type : Multi-family

Bedrooms : 4

Bathrooms : 3

Parking : 3

Parking Type: No Garage

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