307 Grey Street, London East (East K) - Multi-family for Sale
307 Grey Street, London East (East K), Ontario, N6B1G7
5 beds2 baths4 parking1,750 ft²29 × 165 ft (4,703 sq ft) lot sizeListed 27 days ago
Overview
This multi-family property in London East is for sale offering roughly 1,750 sq ft of space. It has been on the market 27 days, fresher than the London East average of 86 days.
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:66096)
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
27d
London East (East K) listings, avg age
86d
Price / ft²
$257
List price
$450K
Extended: 27 days on market, against an average age of 86 days across the listings currently for sale in this city
Market timing · days on market0 → 86d avg age of current listings
Extended · day 27
Haho
This 5-bed multi-family in London East (East K) has been listed for 27 days, which is 59 days fresher than the city average of 86. Act while there is still low competition.
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Bathroom
2.46 x 1.51 meters
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
