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:4069)
Address
417 GREY STREET
List Price
$778,000
Property Type
Multi-family
Type of Dwelling
Triplex
Area
Ontario
Sub-Area
London
Bedrooms
4
Bathrooms
3
Floor Area
15,002,000 Sq. Ft.
Lot Size
35.1 x 165.4 FT ; 35.06 ft x 165.38 ft x 35.13 ft x 166.24 Sq. Ft.
MLS® Number
X12052448
Listing Brokerage
CENTURY 21 FIRST CANADIAN CORP
Basement Area
N/A (Unfinished)
Postal Code
N6B1H1
Zoning
R3-1
Site Influences
Hospital, Park, Place of Worship, Public Transit, View
Features
Flat site, Carpet Free
Amenities
Separate Electricity Meters
