417 Grey Street

Introducing a remarkable investment opportunity: a Multi-Family Home for sale in London East , located at 417 Grey Street, London East. This impressive property, set in the vibrant East K community of Middlesex, is a well-maintained multiplex that boasts a wealth of features ideal for both investors and families seeking a spacious residence. With a building style that encompasses two storeys, this home is not only functional but also offers modern living in a desirable area.

This Multi-Family Home for sale in London East comprises four bedrooms and three bathrooms, making it an excellent choice for those looking to accommodate multiple families or generate rental income. The property is currently unfurnished, allowing new owners the flexibility to personalise the space to their liking. The building's exterior is constructed from durable brick, ensuring longevity and a classic aesthetic that fits well within the neighbourhood.

Inside, the property offers a total of 14 rooms, including three well-appointed kitchens. Each kitchen is designed with modern finishes, featuring upgraded appliances and stylish quartz countertops in one unit, complemented by elegant tiled backsplashes. The main floor unit is particularly appealing, with an open-concept layout that allows for natural light to flood the space. This unit also includes direct access to the backyard, providing an ideal setting for outdoor gatherings or relaxation.

For those considering the potential rental income, this Multi-Family Home for sale in London East has previously generated impressive returns. The main floor unit was rented for approximately £2,000 per month, while the second unit, a well-designed studio apartment, brought in around £1,350 monthly. The upper-level unit, featuring a spacious layout with two bedrooms and a brand-new shower, previously rented for £2,200 per month. With such strong rental demand in the area, this property presents a unique opportunity for investors looking to maximise their returns.

The property is situated on a generous lot measuring 35 x 165 feet, providing ample space for future development or outdoor enhancements. Although there is no pool or fireplace, the home does feature a family room, perfect for gatherings and relaxation. Additionally, the property is equipped with municipal water and sewer services, ensuring convenience for residents.

One notable aspect of this Multi-Family Home for sale in London East is the absence of air conditioning and a central vacuum system. However, the forced air heating system is efficient and effective, ensuring comfort throughout the colder months. The unfinished basement offers additional storage options, allowing for further utilisation of the space as needed.

Parking is not an issue with this property, as it includes a private driveway with space for three vehicles. Although there is no garage, the ample parking available is a significant advantage for residents and guests alike.

In summary, this Multi-Family Home for sale in London East at 417 Grey Street, London East, is a prime investment opportunity that should not be overlooked. With its modern finishes, strong rental income potential, and excellent location within the East K community, this property is perfect for investors or families seeking a spacious home with multiple living options. The combination of a well-maintained multiplex and the potential for future development makes this an attractive prospect in the current market. Don't miss your chance to secure this high-yield property and take advantage of everything it has to offer.

East K, located in the vibrant London East area, is a diverse and dynamic neighbourhood that offers a unique blend of urban living and green spaces. Characterised by its rich cultural tapestry, East K boasts a variety of local amenities, including shops, cafes, and parks, making it an inviting place for residents. The area is well-connected by public transport, providing easy access to central London and beyond. With a mix of modern developments and charming period properties, East K appeals to a wide range of residents, from young professionals to families. The community's lively atmosphere is complemented by a calendar of local events and activities, fostering a sense of belonging amidst the hustle and bustle of city life.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. The closest is Aberdeen Public School, just 0.5 km away, offering elementary education from Junior Kindergarten to Grade 8 under the Thames Valley District School Board, with a school rating of 3.2. For secondary education, H.B. Beal Secondary School is only 0.9 km away, boasting a strong school rating of 4.5. Additional options include Lord Roberts Immersion French Public School, located 1.4 km away, which offers French-language education for grades 1 to 8, although it currently has a rating of 0. For Catholic education, St. Martin Catholic School is 1.8 km away, and Catholic Central High School is 1.0 km away, although both have not received ratings. Sir Wilfrid Laurier Secondary School, another option for secondary education, is located 4.3 km away and has a rating of 3.8. Overall, the area offers a variety of schooling options in both English and French, catering to diverse educational preferences.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 346 residents, with an average household size of 1.8 individuals. The community has a median age of 42.7 years, indicating a mature demographic. The average household income stands at $55,200, with 28% of the population classified as low-income. The housing market reflects an average property price of $360,000, which may appeal to potential buyers or investors. Notably, 70.49% of the residents are single, and only 25% of households include children, suggesting a predominantly adult population. A significant portion of the community, 82.05%, are renters, highlighting a rental-dominant market, while there are no condominiums reported in the area. The presence of immigrants is notable, making up 13.85% of the population. Educational attainment is relatively high, with 38.1% of residents holding college or university degrees. However, nearly half of the population, at 49.21%, is not in the labor force, which may reflect economic challenges or lifestyle choices within the community. Overall, this demographic snapshot presents a unique blend of characteristics that could influence real estate opportunities in the area.