307 Grey Street, London East, ON N6B 1G7
East K, London East · Near Wellington St & Horton St East · View map
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.
The home
- Type
- Duplex
- Style
- 2-Storey
- Square footage
- 1500-2000 sq ft
- Bedrooms
- 5
- Bathrooms
- 2
- Kitchens
- 2
- Rooms
- 9
- Basement
- Crawl Space, Unfinished
- Lot size
- 28.5 x 165 ft
- Faces
- East
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Smoke Detector
- Exterior
- Aluminum Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 3
- Total parking
- 4
- Parking features
- Front Yard Parking, Mutual
Taxes & other
- Property taxes
- $2,245/yr
- Tax year
- 2026
- Occupancy
- Vacant
- Possession
- Immediate/TBD
- Cross street
- Wellington St & Horton St East
- Neighbourhood
- East K
More
- Price per sq ft
- ~$257 (at 1,750 sq ft)
- MLS® number
- X13883672
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The home and its surroundings
- Carpet Free
- Separate Hydro Meter
- Golf
- Park
- Place Of Worship
- Rec./Commun.Centre
- School
- Public Transit
- Porch
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
307 Grey Street, London East, ON N6B 1G7
East K, London East · Near Wellington St & Horton St East
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Listing history for 307 Grey Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 307 Grey Street
Answers come straight from this home’s MLS® listing.
How much is 307 Grey Street listed for, and what would it cost each month?
307 Grey Street is listed for $450,000. With 20% down ($90,000), the mortgage payment would be roughly $1,815 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2,002 a month, all in. That figure is an illustration, not a quote.
Is 307 Grey Street freehold or a condo, and is there a monthly fee?
307 Grey Street is a duplex in East K, London East. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 307 Grey Street have?
307 Grey Street has 5 bedrooms and 2 bathrooms. The listing gives the style as 2-storey.
Does 307 Grey Street have a garage and parking?
The listing does not show a garage. The driveway adds 3 spaces. In total the listing counts 4 parking spaces.
Does 307 Grey Street have a finished basement?
The listing describes the basement as crawl space, unfinished.
What style of home is 307 Grey Street?
307 Grey Street is a duplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 307 Grey Street, and what is the lot size?
The listing puts the home between 1,500 and 2,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 28.5 x 165 ft.
How is 307 Grey Street heated and cooled?
Heating is forced air (gas). The listing does not show air conditioning.
What are the property taxes for 307 Grey Street?
Property taxes are $2,245 a year (2026), or about $187 a month.
Where is 307 Grey Street?
307 Grey Street is in the East K community of London East. The nearest main intersection is Wellington St & Horton St East. The postal code is N6B 1G7.
Is 307 Grey Street still for sale?
Yes. It is an active listing (MLS® X13883672). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 307 Grey Street asking?
Similar properties for sale nearby right now include 439 South Street at $549,000 (5 bed), 281 Hill Street at $499,900 (4 bed) and 186 Clarence Street at $399,900 (4 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 307 Grey Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 307 Grey Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
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Triplex$399,900186 Clarence Street, London East4 bed · 3 bath · East KCourtesy of: CENTURY 21 FIRST CANADIAN CORPView home →Courtesy of: RE/MAX HALLMARK REALTY LTD.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.