DuplexActive

307 Grey Street

307 Grey Street, London East, ON N6B 1G7·MLS® X13883672

$450,000

Annual taxes: $2,245 (2026)

5

Bedrooms

2

Bathrooms

1500-2000

Sqft Range

—

Approx. Age

Property Overview

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

Finished BasementCarpet FreeSeparate Hydro MeterPorchGolfParkPlace Of WorshipRec./Commun.CentreSchoolPublic Transit

Room Details (11)

RoomLevelDimensionsFeatures
Living RoomMain5.16 × 3.36Separate Room, Laminate, Window
KitchenMain3.03 × 3.43Separate Room, Backsplash, Window
Primary BedroomMain4.18 × 3.8Window, Laminate
Bedroom 2Main4.03 × 2.65Closet, Window, Laminate
BathroomMain2.31 × 2.314 Pc Bath, Window, Tile Floor
KitchenSecond3.18 × 3.16Separate Room, Large Window, Laminate
BedroomSecond4.26 × 2.81Closet, Window, Laminate
Bedroom 2Second4.22 × 2.8Window, Laminate
Bedroom 3Second3.18 × 2.79Window, Laminate
BathroomSecond2.46 × 1.514 Pc Bath, Window, Tile Floor
LaundryMain2.88 × 3.4Separate Room, Swing Doors

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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.

Some images may be artist renderings, virtually staged, or digitally enhanced for illustrative purposes only.