MAIN & UPPER - 307 GREY STREET London East

MAIN & UPPER - 307 GREY STREET, London East, Ontario

$398,000

  • 5 Beds
  • 2 Baths

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. (id:50212)

Open house this Sat, Sep 12th from 2:00 PM to 5:00 PM.

  • Listing ID: X13757168
  • Property Type: Multi-family

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Rooms

LevelTypeDimensions
Kitchen Second level 3.18 m x 3.16 m
Bedroom Second level 4.26 m x 2.81 m
Bedroom 2 Second level 4.22 m x 2.8 m
Bedroom 3 Second level 3.18 m x 2.79 m
Bathroom Second level 2.46 m x 1.51 m
Living room Main level 5.16 m x 3.36 m
Laundry room Main level 2.88 m x 3.4 m
Kitchen Main level 3.03 m x 3.43 m
Primary Bedroom Main level 4.18 m x 3.8 m
Bedroom 2 Main level 4.03 m x 2.65 m
Bathroom Main level 2.31 m x 2.31 m

Details

  • Amenities Nearby: Golf Nearby, Park, Place of Worship, Schools, Public Transit
  • Community Features: Community Centre
  • Equipment: Water Heater
  • Features: Carpet Free
  • Parking Spaces: 4
  • Rental Equipment: Water Heater
  • Structure: Porch
  • Transaction: For sale
  • Zoning Description: R3-1

Building

  • Amenities: Separate Electricity Meters
  • BasementType: Crawl space (Unfinished)
  • Basement Development: Unfinished
  • Bedrooms Main Level: 5
  • Exterior Finish: Vinyl siding
  • Fireplace Present: False
  • Fire Protection: Smoke Detectors
  • Flooring: Laminate, Tile
  • Foundation: Concrete
  • Bathrooms (Total): 2
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Size Interior: 1500 - 2000 sqft
  • Stories Total: 2
  • Type: Duplex
  • Utility Water: Municipal water

Land

  • Amenities: Golf Nearby, Park, Place of Worship, Schools, Public Transit
  • Sewer: Sanitary sewer
  • Size Frontage: 28 ft ,6 in
  • Size Irregular: 28.5 x 165 FT
MLS®

Listing provided by RE/MAX HALLMARK REALTY LTD.
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at MAIN & UPPER - 307 GREY STREET in London Ontario. It was last modified on September 8th, 2026. Contact The TanTeam to schedule a viewing or to discover other London homes for sale.

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