Main & Upper - 307 Grey Street
London East, ON
- 5 bed
- 2 bath
- approx. 1500-2000 sqft
- Duplex
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.
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Listing Details
- Taxes (2026)
- $2,245
- Listed
- September 17, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Aluminum Siding
- Roof
- Asphalt Shingle
- Foundation
- Concrete, Other
- Interior
- Carpet Free, Separate Hydro Meter
- Lot Size
- 28.5 x 165 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 4
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Wellington St & Horton St East
- Zoning
- R3-1
- Parcel Number
- 083290057
- Possession
- Other
- Occupancy
- Partial
Included
- Exclusions
- Tenant's belongings
- Rental Items
- Hot Water Tank (if any)
Schools
Elementary
- St. John French Immersion School0.5 km
Catholic · London District Catholic School Board · 540 students
Grade 3 reading: 90% met the provincial standard · Grade 6 math: 58% met the provincial standard
- Aberdeen Public School0.9 km
Public · Thames Valley DSB · 295 students
Grade 3 reading: 43% met the provincial standard · Grade 6 math: 33% met the provincial standard
- Tecumseh Public School1 km
Public · Thames Valley DSB · 345 students
Grade 3 reading: 74% met the provincial standard · Grade 6 math: 53% met the provincial standard
Secondary
- London South Collegiate Institute1 km
Public · Thames Valley DSB · 880 students
Grade 10 literacy: 73% met the provincial standard
- Catholic Central High School1 km
Catholic · London District Catholic School Board · 1310 students
Grade 10 literacy: 89% met the provincial standard
- H B Beal Secondary School1.1 km
Public · Thames Valley DSB · 1525 students
Grade 10 literacy: 79% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N6B
- Population
- 11,101
- Private dwellings
- 7,181
- Median age
- 38
- Average household size
- 1.6
- Median household income
- $49,200
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in London East · last 12 months
- Median sold price
- $460,000
- Homes sold
- 1,326
- Median days on market
- 25
- Sale-to-list price
- 97.0%
Based on 1,326 recorded sales of residential freehold properties in London East over the last 12 months.
Rooms
4-piece on Main, 4-piece on Second
Second
- Bathroom8'1" x 4'11"
- Bedroom14' x 9'3"
- Bedroom 213'10" x 9'2"
- Bedroom 310'5" x 9'2"
- Kitchen10'5" x 10'4"
Main
- Bathroom7'7" x 7'7"
- Bedroom 213'3" x 8'8"
- Kitchen9'11" x 11'3"
- Laundry9'5" x 11'2"
- Living Room16'11" x 11'
- Primary Bedroom13'9" x 12'6"
Listed by
RE/MAX HALLMARK REALTY LTD.
Walk Score
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Location
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Mortgage Calculator
$39,980
Estimated Monthly Payment
$982
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $982/mo (20% down, 5.5%)
Taxes: $187/mo · Insurance: $50/mo
Estimates only. Consult a financial advisor.
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