MAIN & UPPER - 307 GREY STREET, London East (East K)

$398,000

For sale: Multiplex

Multiplex at MAIN & UPPER - 307 GREY STREET, London East (East K)
Property type
Duplex
Bedrooms / bathrooms
5 bedrooms, 2 bathrooms
Living area
2,000 sqft
MLS®
MLS® X13757168
Neighbourhood
East K

Live, invest, and grow your equity all under one roof! 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, bathroom, fresh paint, new flooring, and updated bathroom and kitchen range hood vents, offering 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.

Sold data

Multiplex homes in London East (East K) — recent sold market

Multiplex homes in London East (East K) took a median of 40 days to sell over the last 365 days, with the quickest quarter selling within 22 days and the slowest quarter taking more than 78, across 124 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 113 days.

The median sale price was $599,900.

Homes sold for about 3.9% below asking on average, so there was room to negotiate.

About 13% of sales closed above the list price.

Around 28% of sellers reduced their price before finding a buyer.

Median days to sell
40
Median sale price
$599,900
Sale-to-list ratio
96.1%
Sold above asking
13%

Based on 124 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in London East (East K)

London East (East K) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.

Rated schools
116
Elementary
97
Secondary
19
Average rating
5.5 / 10

Top-rated schools in London East (East K)

  • John Dearness — elementary, LondonFraser rating 9.8/10
  • St George — elementary, LondonFraser rating 9.1/10
  • Jack Chambers — elementary, LondonFraser rating 8.8/10
  • Sir Arthur Currie — elementary, LondonFraser rating 8.8/10
  • London Central — secondary, LondonFraser rating 8.7/10
  • Ryerson — elementary, LondonFraser rating 8.7/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near MAIN & UPPER - 307 GREY STREET