Re-listed 28 days ago

417 Grey St, London East, Ontario N6B 1H1

Townhouse
4
3
~1500-2000 sqft
$•••,•••
$749,900
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Townhouse
4
3
~1500-2000 sqft

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Highlights

Property Estimate

Days on market28 days

Total days on market
91 days

Estimated valueNot available

Price/Sqft$437/sqft

Monthly cost

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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!


Property Details

Style2-Storey
ViewCity, Downtown
Age of property51-99
SqFt~1500-2000 SqFt
Lot Size5,798 SqFt(165.38 x 35.06)
Parking Spaces3
MLS ®NumberX12188938
Community NameCentral London
Data SourceTRREB
Listing byCENTURY 21 FIRST CANADIAN CORP

Features

Heating: Forced Air
Basement: Unfinished

Main Floor

Living

3.94 x 5.68

Kitchen

3.69 x 3.48

Primary

2.78 x 2.94

Bathroom

2.29 x 1.51

4 Pc Bath


Features

Lot size: 5,798 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 3


Property History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
28 days on market
history photo preview34
Listing by trreb®

Population and Demographics

Overview

Total population 16774
Average household income $95,260

Age (%)

0 to 19
10%
20 to 34
38%
35 to 49
17%
50 to 64
18%
65 and plus
16%

Household composition (%)

Single person
57%
Single family
33%
Multi person
10%
Multi family
0%

Mother tongue (%)

English
87%
Others
4%
Spanish
3%
Arabic
2%
French
2%
Portuguese
1%

House tenancy (%)

Renters
77%
Owners
23%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

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