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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.

Living RoomMain16' 11" × 11'Separate Room, Laminate, Window
KitchenMain9' 11" × 11' 3"Separate Room, Backsplash, Window
Primary BedroomMain13' 9" × 12' 6"Window, Laminate
Bedroom 2Main13' 3" × 8' 8"Closet, Window, Laminate
BathroomMain7' 7" × 7' 7"4 Pc Bath, Window, Tile Floor
KitchenSecond10' 5" × 10' 4"Separate Room, Large Window, Laminate
BedroomSecond14' × 9' 3"Closet, Window, Laminate
Bedroom 2Second13' 10" × 9' 2"Window, Laminate
Bedroom 3Second10' 5" × 9' 2"Window, Laminate
BathroomSecond8' 1" × 4' 11"4 Pc Bath, Window, Tile Floor
LaundryMain9' 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.

Listing brokerage: RE/MAX HALLMARK REALTY LTD.. Co-listing brokerage: RE/MAX EXCEL REALTY LTD..

Listing courtesy of the Toronto Regional Real Estate Board. MLS® X13883672.

Measurements are deemed reliable but not guaranteed.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Listing data provided under copyright by the Toronto Regional Real Estate Board and other participating boards via PropTx Amplify Syndication. Information is deemed reliable but not guaranteed accurate.

Allan Congo is a Sales Representative with Century 21 First Canadian Corp., Brokerage. Each office independently owned and operated.

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