417 Grey St
East K, London
$778,000
Buy with Dwelly and Save $7,780
Home Details
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Listing 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!
Stove X3, Fridge X3, Washer & Dryer
City: London
Neighborhood: East K
Property History
| Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
|---|---|---|---|---|---|
| Feb 10, 2024 | N/A | $399,000 | N/A | Sold | X7803488 |
| Jan 9, 2024 | N/A | $123,900 | N/A | Sold | X7602306 |
| Dec 24, 2023 | N/A | $191,500 | N/A | Sold | X7861220 |
| Dec 21, 2023 | N/A | $198,000 | N/A | Sold | X7855261 |
| Dec 20, 2023 | N/A | $189,900 | N/A | Sold | X7864122 |
| Nov 21, 2023 | N/A | $199,900 | N/A | Sold | X7870282 |
| Nov 14, 2023 | N/A | $199,900 | N/A | Sold | X7568191 |
| Nov 5, 2023 | N/A | $499,900 | N/A | Sold | X7968505 |
| Nov 3, 2023 | N/A | $214,900 | N/A | Sold | X7851068 |
| Sep 22, 2023 | N/A | $195,900 | N/A | Sold | X7857692 |
| Apr 4, 2022 | 6 | $399,000 | $565,000 | Sold | X7803484 |
Rooms
Room dimensions for 417 Grey St, London
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 417 Grey St is 4099
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $778000 |
| Down Payment | $155600 |
| Mortgage Insurance | $0 |
| Total Mortgage | $622400 |
Monthly Payment
| Mortgage Payment | $3835 |
| Property Taxes | $264 |
| Maintenance Fees | $0 |
| Monthly Payment | $4099 |
Sold Comparables
Sold Comparables homes near 417 Grey St, London
About 417 Grey St, London
Located at 417 Grey St , this London house is available for sale. This property was listed for $778,000 on Mon Apr 14 2025. This house's size is 1500-2000 Sqft. It has 4 bedrooms and 3 bathrooms. The property includes the following rooms: Living, Kitchen, Primary, Bathroom, Primary, Kitchen, Dining, Bathroom, Living, Kitchen, Br, Bathroom, 2nd Br. This property comes with 3 parking spots. 417 Grey St, London is situated in the East K neighbourhood.
MLS#: X12052448 · $778,000 · 4 bedroom house in East K, London