4 Bedroom
3 Bathroom
1,500 - 2,000 ft2
None
Forced Air
$664,900
Earn over $2100/mo NET with 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 8%. 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 was 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:50976)
Property Details
|
MLS® Number
|
X12528828 |
|
Property Type
|
Multi-family |
|
Community Name
|
East K |
|
Amenities Near By
|
Hospital, Park, Place Of Worship, Public Transit |
|
Equipment Type
|
Water Heater |
|
Features
|
Flat Site, Carpet Free |
|
Parking Space Total
|
3 |
|
Rental Equipment Type
|
Water Heater |
|
Structure
|
Porch, Shed |
|
View Type
|
City View |
Building
|
Bathroom Total
|
3 |
|
Bedrooms Above Ground
|
4 |
|
Bedrooms Total
|
4 |
|
Age
|
51 To 99 Years |
|
Amenities
|
Separate Electricity Meters |
|
Appliances
|
Water Heater, Dryer, Stove, Washer, Refrigerator |
|
Basement Development
|
Unfinished |
|
Basement Type
|
N/a (unfinished) |
|
Cooling Type
|
None |
|
Exterior Finish
|
Brick |
|
Fire Protection
|
Smoke Detectors |
|
Foundation Type
|
Block |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
2 |
|
Size Interior
|
1,500 - 2,000 Ft2 |
|
Type
|
Triplex |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Fence Type
|
Fenced Yard |
|
Land Amenities
|
Hospital, Park, Place Of Worship, Public Transit |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
165 Ft ,4 In |
|
Size Frontage
|
35 Ft ,1 In |
|
Size Irregular
|
35.1 X 165.4 Ft ; 35.06 Ft X 165.38 Ft X 35.13 Ft X 166.24 |
|
Size Total Text
|
35.1 X 165.4 Ft ; 35.06 Ft X 165.38 Ft X 35.13 Ft X 166.24|under 1/2 Acre |
|
Zoning Description
|
R3-1 |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Second Level |
Bedroom |
3.35 m |
2.78 m |
3.35 m x 2.78 m |
|
Second Level |
Bathroom |
2.26 m |
1.75 m |
2.26 m x 1.75 m |
|
Second Level |
Bedroom 2 |
3.35 m |
2.8 m |
3.35 m x 2.8 m |
|
Second Level |
Living Room |
3.67 m |
2.77 m |
3.67 m x 2.77 m |
|
Second Level |
Kitchen |
3.67 m |
2.8 m |
3.67 m x 2.8 m |
|
Main Level |
Living Room |
3.94 m |
5.68 m |
3.94 m x 5.68 m |
|
Main Level |
Kitchen |
3.69 m |
3.48 m |
3.69 m x 3.48 m |
|
Main Level |
Primary Bedroom |
2.78 m |
2.94 m |
2.78 m x 2.94 m |
|
Main Level |
Bathroom |
2.29 m |
1.51 m |
2.29 m x 1.51 m |
|
Main Level |
Primary Bedroom |
3.79 m |
5.67 m |
3.79 m x 5.67 m |
|
Main Level |
Kitchen |
2.56 m |
1.51 m |
2.56 m x 1.51 m |
|
Main Level |
Dining Room |
3.69 m |
2.2 m |
3.69 m x 2.2 m |
|
Main Level |
Bathroom |
2.15 m |
3.43 m |
2.15 m x 3.43 m |
Utilities
|
Cable
|
Available |
|
Electricity
|
Installed |
|
Sewer
|
Installed |
https://www.realtor.ca/real-estate/29087096/417-grey-street-london-east-east-k-east-k
