307 GREY STREET

307 GREY STREET

London East (East K), Ontario N6B1G7
Offered at $450,000
5Bedrooms
2Bathrooms
4Parking
The Residence

Duplex in London East (East K)

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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.

MLS® NumberX13883672
Price$450,000
Property TypeDuplex
Bedrooms5
Bathrooms2
Storeys2
Frontage28.6 feet
ZoningR3-1
Annual Property Tax$2,245
Days on Market36
The Gallery

Interiors & Grounds

Features & Amenities

Every Detail, Considered

Interior & Systems

FlooringTile, Laminate
HeatingForced air, Natural gas
BasementUnfinished, Crawl space

Appliances & Features

  • Washer
  • Refrigerator
  • Dishwasher
  • Stove
  • Range
  • Oven
  • Dryer
  • Hood Fan
  • Window Coverings
  • Smoke Detectors

Construction & Lot

FoundationConcrete
ExteriorAluminum siding
Lot FeaturesCarpet Free

Parking

Total Spaces4
TypeNo Garage

Building & Community

  • Separate Electricity Meters
  • Community Centre

Room Dimensions

Main level

Living room—
Laundry room—
Kitchen—
Primary Bedroom—
Bedroom 2—
Bathroom—

Second level

Kitchen—
Bedroom—
Bedroom 2—
Bedroom 3—
Bathroom—
Map & Location
Address307 GREY STREET
CityLondon East (East K)
ProvinceOntario
Postal CodeN6B1G7
CountryCanada
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Affordability

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By Appointment

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