417 Grey Street, London ON

About 417 Grey Street

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:56071). Get more information on 417 Grey Street

Property Features

Appliances:  Water Heater, Dryer, Stove, Washer, Refrigerator
Features:  Flat site, Carpet Free
Rental Equipment:  
Directions:  Colborne
Zoning Description:  R3-1
Interior Size:  1500 - 2000 sqft
Fence:  Fenced yard
View:  City view
Amenities:  Separate Electricity Meters
Lot:  35.1 x 165.4 FT ; 35.06 ft x 165.38 ft x 35.13 ft x 166.24|under 1/2 acre 35.1 x 165.4 FT ; 35.06 ft x 165.38 ft x 35.13 ft x 166.24
Exterior Finish:  Brick
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas /
Age: 51 to 99 years
Foundation: Block
Basement:  N/A (Unfinished) Unfinished

Rooms & Sizes

Bedroom Second level 3.35 m x 2.78 m	Bathroom Second level 2.26 m x 1.75 m	Bedroom 2 Second level 3.35 m x 2.8 m
Living room Second level 3.67 m x 2.77 m	Kitchen Second level 3.67 m x 2.8 m	Living room Main level 3.94 m x 5.68 m
Kitchen Main level 3.69 m x 3.48 m	Primary Bedroom Main level 2.78 m x 2.94 m	Bathroom Main level 2.29 m x 1.51 m
Primary Bedroom Main level 3.79 m x 5.67 m	Kitchen Main level 2.56 m x 1.51 m	Dining room Main level 3.69 m x 2.2 m
Bathroom Main level 2.15 m x 3.43 m