417 Grey Street,London, ON N6B1H1
London, ON N6B1H1
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! (id:13843)
Details
| MLS# | X12052448 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Status | Active |
| Days On Site | 28 |
| Listing Provided By | CENTURY 21 FIRST CANADIAN CORP | APRIL GRAY |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 Total |
| Basement | Y |
| Story(s) | 2 |
| Zoning | R3-1 |
| Property View | City view |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| City | London |
| Postal Code | N6B1H1 |
| Listing VS Median (in N6B1H1) | |
Price: $778,000 low | high Med: $0 On site: 28 low | high Med: | |