307 Grey Street · London East, N6B 1G7
MLS® X13883672
Listed Oct 9, 2026
Listing courtesy of Re/max Hallmark Realty LTD.·Listing last changed 19 hours ago
Key facts
- Property type
- Duplex
- Square footage
- 1500-2000 sqft
- Lot size
- 28.5 × 165 ft
- Parking
- 4 spaces
- Property tax
- $2,245/yr (2026)
Description
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.
Read more ›Show less ‹
Keep notes on this home
Jot down what you thought and mark it as toured. Private to you.
Property details
Interior
- Size
- 1500-2000 sqft
- Rooms
- 9 rooms · 2 kitchens
- Bathrooms
- 1 × 4-piece on Main, 1 × 4-piece on Second
- Basement
- Crawl Space, Unfinished
- Heating
- Forced Air
- Cooling
- Other
Building & lot
- Type
- Duplex, 2-Storey
- Lot size
- 28.5 × 165 ft
- Exterior
- Aluminum Siding
- Foundation
- Concrete, Other
- Roof
- Asphalt Shingle
- Water & sewer
- Sewer
Parking
- Driveway
- Front Yard Parking, Mutual, Other (3 spaces)
- Parking
- 4 spaces
Fees & taxes
- Property tax
- $2,245/yr (2026)
Rooms
Main
- Bathroom, 4 pc bath, window, tile floor
- 2.31 × 2.31 m
- Primary Bedroom, window, laminate
- 4.18 × 3.8 m
- Living Room, separate room, laminate, window
- 5.16 × 3.36 m
- Laundry, separate room, swing doors
- 2.88 × 3.4 m
- Kitchen, separate room, backsplash, window
- 3.03 × 3.43 m
- Bedroom 2, closet, window, laminate
- 4.03 × 2.65 m
Second
- Bedroom 2, window, laminate
- 4.22 × 2.8 m
- Bathroom, 4 pc bath, window, tile floor
- 2.46 × 1.51 m
- Kitchen, separate room, large window, laminate
- 3.18 × 3.16 m
- Bedroom, closet, window, laminate
- 4.26 × 2.81 m
- Bedroom 3, window, laminate
- 3.18 × 2.79 m
Estimated value range
$428K–$428K
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Monthly paymentest. $2,723/mo all in
Monthly payment estimate
Land transfer tax$5,475 on closing
Ontario LTT
$5,475
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed 2 times · asking price up 13% from the first ask
Listed Oct 9, 2026
Listed May 31, 2023 · 16 days on market
Jun 16, 2023
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
16 days on the market in total across 2 listings. Each listing carries its own MLS® number, so the days-on-market shown on any single one resets.
Sold comparables nearby
Sold324 Ridout Street, London South
Sold107 Windsor Crescent, London South
See what these 6 homes sold for
Create a free account to see sold prices and comparable sales.
Market conditionsBuyer’s market in London
6.1 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 98% of asking.
Avg. sold price
$621,667
Sale-to-list ratio
98%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $112,000 household income
Minimum household income required
$112,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Ask Colin →Similar Listings
See it with Colin
Colin Abbot, Broker
No obligation. Pick a time that suits you.
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
Message Colin about this home
By submitting, you agree to be contacted by Oak and Key Real Estate Brokerage Inc. by email, phone and text message about real estate services. Message frequency varies. Msg & data rates may apply. Reply STOP to unsubscribe or HELP for help. See our Privacy Policy and SMS Terms.
Get notified about similar homes
New duplex listings in East K.