266 Grand AVENUE West

Key facts

• Property type: Multi-family
• Structure: Triplex
• Transaction: For Sale
• Price: $499,000
• Lot size: 80.56 x Irregular / 0.51 AC
• Year built: 1900
• Listing key: 29624737

Listing overview

Turnkey cash-flowing Triplex with strong income potential, solid cash flow, and attractive NOI. Positioned on a premium lot backing onto the Thames River, this well-maintained property offers multiple income streams, redevelopment upside, and flexible future use options. Currently configured as three separate units. The main floor features a well-appointed 2-bedroom plus bonus room unit generating class="container" id="details-container",554 per month all inclusive. The upper unit is spacious and offers additional untapped square footage on a third level, presenting clear value-add potential, currently renting for $868 plus hydro and gas. The basement unit has been recently updated with new carpet and fresh paint, is currently vacant, and provides immediate upside for rent optimization (previously rented for class="container" id="details-container",083). Projected annual gross income of approximately $42,060. Estimated annual expenses between class="container" id="details-container"2,000– class="container" id="details-container"6,000, re...