307 Grey St
East K, London East, Ontario N6B 1G7
- Bedrooms
- 5
- Bathrooms
- 2
- Size
- 1,500–2,000sq ft
- Per sq ft
- $257at the range’s middle
- Lot
- 28.5 x 165 ft
- Tax a year
- $2,2452026 tax year
- Parking
- 4none
- Days on market
- Members
The brief
About 307 Grey St
307 Grey St is a 5-bedroom, 2-bathroom duplex in East K, London East, listed for sale at an asking price of $450,000 (MLS® X13883672).
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.
Insights
Condition Score
Good83/1003 documented update signals
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Strong87/100+$610/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 8 homes with 5 bedrooms for lease in London East right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $2,245 / 2026
- MLS® number
- X13883672
- Board
- TRREB MLS®
- Property Type
- Duplex
- Days on market
- Size
- 1500-2000 sqft
- Lot Size
- 28.5 x 165 ft
- Listed on
- Parking
- None, 4 Parking
Property details
Property
- Property Type
- Duplex
- Style
- 2-Storey
- Community
- East K
- Municipality
- London East
Building
- Size
- 1500-2000 sqft
- Construction
- Alum Siding
Inside
- Bedrooms
- 5
- Bathrooms
- 2
- Bathroom Details
- 1 × 4pc Main, 1 × 4pc 2nd
- Basement Type
- Crawl Space
- Kitchens
- 2
Parking
- Driveway
- Front Yard, Mutual, Other
- Garage Type
- None
- Additional Parking
- 4
- Total Parking
- 4
Utilities
- Water
- Municipal
- Cooling
- Other
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 28.5 ft
- Depth
- 165 ft
- Lot Size
- 28.5 x 165 ft
Additional
- Foundation
- Concrete, Other
- Roof
- Asphalt Shingle
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- Main Floor: Stainless Steel Refrigerator, Coil Range Stovetop with Oven, Ductless Range Hood, Dishwasher. Shared Laundry: Top Loader Clothes Washer and Front Loader Clothes Dryer. Upper Floor: White Refrigerator, Coil Range Stovetop with Oven, New Ducted Range Hood Fan and New Mobile AC Unit (August 2023). Furnace (2022), Sump Pump & System (July 2022), Electronic Door Lock Panels, Existing Window Coverings, Existing Light Fixtures and Existing Plumbing and Mechanical Equipment. AS-IS WHERE-IS FOR CHATTELS AND FIXTURES.
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.36 × 5.16 m | Separate Rm, Laminate, Window | Main |
| Kitchen | 3.43 × 3.03 m | Separate Rm, Backsplash, Window | Main |
| Primary | 3.8 × 4.18 m | Window, Laminate | Main |
| 2nd Br | 2.65 × 4.03 m | Closet, Window, Laminate | Main |
| Bathroom | 2.31 × 2.31 m | 4 Pc Bath, Window, Tile Floor | Main |
| Kitchen | 3.16 × 3.18 m | Separate Rm, Large Window, Laminate | 2nd |
| Br | 2.81 × 4.26 m | Closet, Window, Laminate | 2nd |
| 2nd Br | 2.8 × 4.22 m | Window, Laminate | 2nd |
| 3rd Br | 2.79 × 3.18 m | Window, Laminate | 2nd |
| Bathroom | 1.51 × 2.46 m | 4 Pc Bath, Window, Tile Floor | 2nd |
| Laundry | 3.4 × 2.88 m | Separate Rm, Swing Doors | Main |
Listing history
Buy/sell history for 307 Grey St, London East, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $450,000 | N/A | For Sale | X13883672 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $90,000
- Total mortgage amount
- $360,000
- Total interest payment
- $255,900
- Total purchase cost
- $705,900
- Mortgage payment
- $2,053/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
—Monthly carrying cost
$2,240- Carrying cost $2,240
- Surplus $610
Rental income opens at $2,850, the median asking rent of 8 comparable homes for lease in London East. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $5,475
- Total land transfer tax
- $5,475
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $1,475
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $450,000
- $1,000
- Ontario total
- $5,475
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 4,703 sq ft437 m²
- Street frontage
- 28.5 ft8.7 m
- Depth
- 165 ft50.3 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by GeoWarehouse.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m5 test or monitoring holes also recorded.250 m
- Groundwater recorded about 3.2 m below ground nearbyThe middle water level in the well records within 500 m (76 records). It changes with the season and from spot to spot.500 m
Province of Ontario open data
Planning and building activity2
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- Nearest airport: 8.4 km8.4 km
Province of Ontario open data
Around the home2
- Nearest rail line: 490 m490 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 3 facilities within 1 km report pollutant releases to Environment CanadaThe nearest is London District Energy, 570 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by London Hydro Inc.At the address
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (20 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, NFTC, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Falcon Internet Services, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Upper Thames River Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
The market
Multiplexes for sale in East K right now
- For sale now
- 6
- Median asking price
- $524K
- New in 7 days
- 1
- Price cuts
- 0%
Middle half: $462K to $549K
2 in 28 days
0 listings
This home is asking 14% below the median, lower than three quarters of them.
See all homes in East KAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| St. John French Immersion SchoolLondon District Catholic School Board | Catholic · grades JK–8 · French Immersion | 550 m | 83%Grade 6 average |
| Aberdeen Public SchoolThames Valley DSB | Public · grades JK–8 | 900 m | 56%Grade 6 average |
| Tecumseh Public SchoolThames Valley DSB | Public · grades JK–8 | 1 km | 71%Grade 6 average |
| École élémentaire catholique Frère AndréConseil scolaire catholique Providence | French-language Catholic · grades JK–6 | 3.6 km | 85%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| London South Collegiate InstituteThames Valley DSB | Public · grades 9–12 · French Immersion | 1 km | 49%Grade 9 math |
| Catholic Central High SchoolLondon District Catholic School Board | Catholic · grades 9–12 | 1 km | 57%Grade 9 math |
| H B Beal Secondary SchoolThames Valley DSB | Public · grades 9–12 | 1.1 km | 56%Grade 9 math |
| École secondaire catholique Monseigneur-BruyèreConseil scolaire catholique Providence | French-language Catholic · grades 9–12 | 4.3 km | 57%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in East K are shown to signed-in members.