For saleMLS® X13883672
307 Grey Street
London, N6B 1G7
$450,000
- Bedrooms
- 5
- Bathrooms
- 2
- Interior
- 1,500-2,000 ft²
- Lot
- 28.5 × 165 ft
- Type
- Multi-unit
About this home
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 details
- Property type
- Duplex
- Ownership
- Freehold
- Style
- 2-Storey
- Property taxes
- $2,245 (2026)
- Heating
- Forced Air, Gas
- Basement
- Crawl Space, Unfinished
- Parking
- 4 spaces
- Sewer
- Sewer
- Lot
- 28.5 × 165 ft lot
- Time on market
- 23 days on market
Features
Inside
- Carpet Free
- Separate Hydro Meter
Outside
- Porch
- Aluminum Siding
- Asphalt Shingle roof
Rooms
Measurements are deemed reliable but not guaranteed.
| Room | Level | Size | Details |
|---|---|---|---|
| Living Room | Main | 16' 11" × 11' | Separate Room, Laminate, Window |
| Kitchen | Main | 9' 11" × 11' 3" | Separate Room, Backsplash, Window |
| Primary Bedroom | Main | 13' 9" × 12' 6" | Window, Laminate |
| Bedroom 2 | Main | 13' 3" × 8' 8" | Closet, Window, Laminate |
| Bathroom | Main | 7' 7" × 7' 7" | 4 Pc Bath, Window, Tile Floor |
| Kitchen | Second | 10' 5" × 10' 4" | Separate Room, Large Window, Laminate |
| Bedroom | Second | 14' × 9' 3" | Closet, Window, Laminate |
| Bedroom 2 | Second | 13' 10" × 9' 2" | Window, Laminate |
| Bedroom 3 | Second | 10' 5" × 9' 2" | Window, Laminate |
| Bathroom | Second | 8' 1" × 4' 11" | 4 Pc Bath, Window, Tile Floor |
| Laundry | Main | 9' 5" × 11' 2" | Separate Room, Swing Doors |
Location
Thinking about the area? Read my guide to Downtown.
Estimate your payment
20% down. The minimum on this price is $22,500.
Your monthly payment
$1,993
- Mortgage amount
- $360,000
- Interest over the amortization
- $237,751
An estimate at a fixed rate compounded twice a year, with default insurance under 20% down. Your lender sets the real numbers, and I am happy to put you in touch with a mortgage professional.








