Multiplex

307 Grey Street

London, N6B 1G7

$450,000
Bedrooms
5
Bathrooms
2
Interior
1,500-2,000 ft²
Lot
28.5 × 165 ft
Type
Multiplex
On the market
34 days

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.
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Features

  • Carpet Free
  • Separate Hydro Meter
  • Porch

Property details

MLS® number
X13883672
Property type
Duplex
Style
2-Storey
Bedrooms
5
Bathrooms
2
Kitchens
2
Interior size
1,500-2,000 ft²
Lot
28.5 × 165 ft
Basement
Crawl Space, Unfinished
Heating
Forced Air, Gas
Sewer
Sewer
Parking
4 spaces
Exterior
Aluminum Siding
Roof
Asphalt Shingle
Foundation
Concrete
Property taxes
$2,245 (2026)
Possession
Immediate/TBD
Cross street
Wellington St & Horton St East
Community
East K
Municipality
London

Rooms

  • Living Room

    16' 11" × 11'

    Main

    Separate Room, Laminate, Window

  • Kitchen

    9' 11" × 11' 3"

    Main

    Separate Room, Backsplash, Window

  • Primary Bedroom

    13' 9" × 12' 6"

    Main

    Window, Laminate

  • Bedroom 2

    13' 3" × 8' 8"

    Main

    Closet, Window, Laminate

  • Bathroom

    7' 7" × 7' 7"

    Main

    4 Pc Bath, Window, Tile Floor

  • Kitchen

    10' 5" × 10' 4"

    Second

    Separate Room, Large Window, Laminate

  • Bedroom

    14' × 9' 3"

    Second

    Closet, Window, Laminate

  • Bedroom 2

    13' 10" × 9' 2"

    Second

    Window, Laminate

  • Bedroom 3

    10' 5" × 9' 2"

    Second

    Window, Laminate

  • Bathroom

    8' 1" × 4' 11"

    Second

    4 Pc Bath, Window, Tile Floor

  • Laundry

    9' 5" × 11' 2"

    Main

    Separate Room, Swing Doors

Room sizes come from the listing brokerage, converted from metres where needed. They are deemed reliable but not guaranteed.

Location

London, near Wellington St & Horton St East

307 Grey Street, London

Approximate location, placed by postal code. Map data © OpenStreetMap contributors, tiles by OpenFreeMap.

Mortgage estimate

$1,993a month

$90,000 down, 4.5%, 25 years

Down payment

%
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An estimate, not a quote. Under 20% down, the default insurance premium is added to the loan.

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