307 Grey Street, London, ON N6B1G7
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. (id:67588)
Details
- Property type
- Duplex
- Storeys
- 2
- Living area
- 1,500–2,000 sq ft
- Lot size
- 28.5 x 165 FT
- Bedrooms
- 5
- Bathrooms
- 2
- Parking
- 4 spaces · No Garage
- Basement
- Unfinished, Crawl space
- Heating
- Forced air, Natural gas
- Water
- Municipal water
- Sewer
- Sanitary sewer
- Property taxes
- $2,245
- Neighbourhood
- East K
- Zoning
- R3-1
Rooms
| Room | Level | Size |
|---|---|---|
| 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 |
Location
Listed by RE/MAX HALLMARK REALTY LTD.. This is not Ted's listing; Ted can still show it to you and represent you as a buyer.
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