417 Grey Street, London East

Bedrooms: 4
Bathrooms: 3
Added: 1 month ago
Updated: 3 weeks ago
Last Checked: 1 week ago
Listed by: CENTURY 21 FIRST CANADIAN CORP
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Listing description
This Other at 417 Grey Street London East, ON with the MLS Number x12272920 listed by APRIL GRAY - CENTURY 21 FIRST CANADIAN CORP on the London East market 1 month ago at $734,900.

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:1945)

Property Details Key information about 417 Grey Street

Heating:
- Forced air
- Natural gas
Structure Type: Triplex
Exterior Features: Brick

Interior Features Discover the interior design and amenities

Basement:
- Unfinished
- N/A
Appliances:
- Washer
- Refrigerator
- Stove
- Dryer
- Water Heater

Exterior & Lot Features Learn about the exterior and lot specifics of 417 Grey Street

Water Source: Municipal water
Parking Features: No Garage
Lot Size Dimensions: 35.1 x 165.4 FT ; 35.06 ft x 165.38 ft x 35.13 ft x 166.24

Utilities & Systems Review utilities and system installations

Sewer: Sanitary sewer

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Nearby Listings Stat Estimated price and comparable properties near 417 Grey Street

Active listings

Min Price

$399,900

Max Price

$734,900

Avg Price

$579,333

Days on Market

65 days

Sold listings

Min Sold Price

$399,900

Max Sold Price

$499,900

Avg Sold Price

$446,600

Days until Sold

56 days

Nearby Places Nearby schools and amenities around 417 Grey Street

H.B. Beal Secondary School (0.8 km)
London

Catholic Central High School (1 km)
450 Dundas St, London

Hilton London (0.9 km)
300 King St, London

Delta London Armouries Hotel (0.9 km)
325 Dundas St, London

Amici Italian Restaurant (0.9 km)
350 Dundas St, London

The Raja Fine Indian Cuisine (1.2 km)
428 Clarence St, London

The Works (1.2 km)
145 King St, London

Waldo's On King Bistro & Wine Bar (1.3 km)
130 King St, London

The Canadian Medical Hall of Fame (1 km)
267 Dundas St, London

Banting House National Historic Site (1.2 km)
442 Adelaide St N, London

London Police Service (1 km)
601 Dundas St, London

London Public Library (1.1 km)
251 Dundas St, London

Price History

Listed

July 9, 2025

by CENTURY 21 FIRST CANADIAN CORP

For Sale