MAIN & UPPER - 307 GREY STREET
London East (East K), Ontario
MLS® X13757168
$398,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13757168
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- —
1 / 25Listing description
Live, invest, and grow your equity all under one roof! 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, bathroom, fresh paint, new flooring, and updated bathroom and kitchen range hood vents, offering 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 summary
- MLS® number
- X13757168
- Property type
- Multi-family
- Building type
- Duplex
- Land size
- 28.5 x 165 FT
- Annual property taxes
- $2,245.24
- Parking
- 4 spaces · No Garage
- Days on market
- 8 days
Features & details
- Heating
- Forced air, Natural gas
- Basement
- Unfinished, Crawl space
- Flooring
- Tile, Laminate
- Exterior features
- Vinyl siding
- Lot features
- Carpet Free
- Community features
- Community Centre
What would this home cost you?
Based on the $398,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX HALLMARK REALTY LTD., TORONTO.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.