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307 GREY STREET, London East (East K) — listed at $450,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 5.16 x 3.36 meters |
| Laundry room | Main level | 2.88 x 3.4 meters |
| Kitchen | Main level | 3.03 x 3.43 meters |
| Primary Bedroom | Main level | 4.18 x 3.8 meters |
| Bedroom 2 | Main level | 4.03 x 2.65 meters |
| Bathroom | Main level | 2.31 x 2.31 meters |
| Kitchen | Second level | 3.18 x 3.16 meters |
| Bedroom | Second level | 4.26 x 2.81 meters |
| Bedroom 2 | Second level | 4.22 x 2.8 meters |
| Bedroom 3 | Second level | 3.18 x 2.79 meters |
| Bathroom | Second level | 2.46 x 1.51 meters |
Does it have a basement, and is it finished?+
Yes — Unfinished, Crawl space. A finished basement adds meaningful living space beyond the listed square footage.
How is the space laid out across floors?+
This is a 2-storey multi-family. The 5 bedrooms and 2 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
Is 307 GREY STREET a good fit for a growing family?+
With 5 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $2,245.24, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
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