307 Grey Street, London East
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. (id:1945)
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Property details for 307 Grey Street, London East
- Type
- Multi-family
- Bedrooms
- 5
- Bathrooms
- 2
- Lot Size
- 28.5 x 165 FT
- Stories
- 2
- Basement
- Unfinished, Crawl space
- Parking
- No Garage
- Heating
- Forced air, Natural gas
- Exterior
- Aluminum siding
- Annual Taxes
- $2,245
Nearby Listings Stat
Estimated price and comparable properties near 307 Grey Street
Active Listings
9
Min Price
$219,900
Max Price
$719,900
Avg Price
$515,056
Days on Market
25
days
Sold Listings
6
Min Sold Price
$199,900
Max Sold Price
$759,900
Avg Sold Price
$558,083
Days until Sold
49
days
Neighbourhood Census Data
London, Ontario
Population
489
Median Age
41.5
Median Income
$20,288
Dwelling Value
$174,744
Housing Tenure
Owners 32%
Renters 68%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.7
Pop. Density: 2,910.7/km²
Avg Shelter Cost: $833/mo
Owners with Mortgage: 52.4%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 65.9%
English only: 91.8%
English and French: 8.2%
Neither: 1%
Median Household Income: $32,320
Median Employment Income: $25,664
Price History
Listed
October 10, 2026
by RE/MAX HALLMARK REALTY LTD.
Current Price
$450,000
+13.1% from last change
Type
Multi-family
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $450,000 | +$52,000 (+13.1%) |
| Oct 10, 2026 | $398,000 | Listed |
