307 Grey Street,London East (East K), ON N6B1G7
London East (East K), ON N6B1G7
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. (id:374)
Details
| MLS # | X13883672 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 19 |
| Listing Provided By | RE/MAX HALLMARK REALTY LTD. | YIN-LYNN LOW |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,500 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | R3-1 |
Interior
| Heating | Forced air, Natural gas |
|---|---|
| Appliances | Washer, Refrigerator, Dishwasher, Stove, Range, Oven, Dryer, Hood Fan, Window Coverings |
| Fireplace Yes / No | No |
Exterior
| Security Features | Smoke Detectors |
|---|---|
| Lot Features | Carpet Free |
| Foundation Details | Concrete |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 4 |
Utilities
| Utilities | Sewer, Electricity, Cable |
|---|---|
| Sewer | Sanitary sewer |
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 2245.24 |
|---|
Area Information
| Province | ON |
|---|---|
| City | London East (East K) |
| Postal Code | N6B1G7 |
| Listing VS Median (in N6B1G7) | |
Price: $450,000 low | high Med: $1,800 sqft: 1,500 low | high Med: 700 $ / sqft: $300 low | high Med: $3 On site: 19 low | high Med: 16 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | London East (East K) |
| Postal Code | N6B1G7 |
| Listing VS Median (in N6B1G7) | |
Price: $450,000 low | high Med: $1,800 sqft: 1,500 low | high Med: 700 $ / sqft: $300 low | high Med: $3 On site: 19 low | high Med: 16 | |
