307 Grey Street
$450,000
Annual taxes: $2,245 (2026)
5
Bedrooms
2
Bathrooms
1500-2000
Sqft Range
—
Approx. Age
Property Overview
MLS®
X13883672
Status
Active
Property Type
Residential Freehold
Property Sub-Type
Duplex
List Price
$450,000
Taxes
$2,245.24 (2026)
Lot Size
4702.5 Feet
Square Footage (Range)
1500-2000
Bedrooms
5
Bathrooms
2
Parking
4 spaces
Basement
Crawl Space, Unfinished
Cooling
Other
Sewer
Sewer
Style
2-Storey
City
London East
Postal Code
N6B 1G7
Property Description
Live, invest, and grow your equity all under one roof! The sellers extensively upgraded and renovated this property. This versatile duplex presents an outstanding opportunity for homeowners, investors, and those looking to build long-term wealth through real estate. Live in one unit while generating rental income from the other to help offset your mortgage or maximize cash flow by renting out both units. The main floor features 2 bedrooms, a spacious living area, and a functional kitchen, while the upper unit has been recently renovated with 3 bedrooms, a kitchen, a bathroom, fresh paint, new flooring, and updated bathroom and kitchen range hood vents, offering a modern and comfortable living space. Both units share a convenient common laundry room. This property provides excellent flexibility for a variety of investment strategies, including owner-occupancy with supplemental income, multi-generational living, or a fully tenanted investment property. The large lot offers ample parking, a highly sought-after feature for tenants and visitors. Adding to its appeal is the potential for future multiplex development (buyer to complete their own due diligence regarding zoning and development possibilities), making this not only an income-producing asset today but also a property with exciting long-term upside potential. Situated conveniently close to shopping, restaurants, parks, schools, public transit, and major highways, with Western University just approximately 10 minutes away, this location offers strong rental appeal and convenient access to everyday amenities. Whether you're looking to generate immediate rental income, offset homeownership costs, expand your real estate portfolio, or explore future redevelopment opportunities, this property delivers exceptional value and versatility.
Property Features
Room Details (11)
| Room | Level | Dimensions | Features |
|---|---|---|---|
| Living Room | Main | 5.16 × 3.36 | Separate Room, Laminate, Window |
| Kitchen | Main | 3.03 × 3.43 | Separate Room, Backsplash, Window |
| Primary Bedroom | Main | 4.18 × 3.8 | Window, Laminate |
| Bedroom 2 | Main | 4.03 × 2.65 | Closet, Window, Laminate |
| Bathroom | Main | 2.31 × 2.31 | 4 Pc Bath, Window, Tile Floor |
| Kitchen | Second | 3.18 × 3.16 | Separate Room, Large Window, Laminate |
| Bedroom | Second | 4.26 × 2.81 | Closet, Window, Laminate |
| Bedroom 2 | Second | 4.22 × 2.8 | Window, Laminate |
| Bedroom 3 | Second | 3.18 × 2.79 | Window, Laminate |
| Bathroom | Second | 2.46 × 1.51 | 4 Pc Bath, Window, Tile Floor |
| Laundry | Main | 2.88 × 3.4 | Separate Room, Swing Doors |
Mortgage Calculator
Estimate your monthly payment
Estimated Monthly
$2,209
Estimate only. Excludes property tax, insurance, condo fees, and CMHC premium. Speak to a mortgage professional for an exact figure.
Listing Brokerage
RE/MAX HALLMARK REALTY LTD.
Data via TRREB / AMPRE IDX
The information provided herein is believed to be accurate but is not warranted and is intended only for consumers who have a bona fide interest in the purchase, sale, or lease of real estate.
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