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mihom.ca is operated by Dan Robbins, REALTOR®, Pemberton Holmes Ltd.

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307 Grey Street
homes for sale · London East · East K
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$450,000

307 Grey Street

East K, London East · MLS® X13883672

524

House · Multi-family · 15 days on market

listed by YIN-LYNN LOW, RE/MAX HALLMARK REALTY LTD.

realtor's 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.

listed by
YIN-LYNN LOW
RE/MAX HALLMARK REALTY LTD.
call YIN-LYNN · 416-486-5588
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property details

type
House, Multi-family
bedrooms
5
bathrooms
2
parking
4
property tax
$2,245 / yr
days on market
15
MLS®
X13883672

features

  • Carpet Free
  • Community Centre
  • Washer
  • Refrigerator
  • Dishwasher
  • Stove

monthly cost

$2,148/mo
Mortgage $1,961 · Tax $187

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$1,961/ monthly
loan $360,000
25-year amortization
total interest
$228,182
cash to close
$90,000
down payment; transfer tax and fees not included
total paid
$588,182

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

location

East K, London EastGoogle Maps ↗

location

East K, London EastGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

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