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5
BEDROOMS 2
BATHROOMS 2
KITCHENS 9
ROOMS X13883672
MLSID Contact Us
Property 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.
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Property Features
Golf, Park, Place Of Worship, Rec./Commun.Centre, School, Public Transit, Carpet Free, Separate Hydro Meter, Front Yard Parking, Mutual, Other, Smoke Detector
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Property Details
Address
307 Grey Street
Community
City
Postal Code
N6B 1G7
Property Type
Duplex, Duplex
Zoning
R3-1
Lot Size
28' x 165'
Acreage
4,702.5 Feet
Taxes
$2,245 (2026
Basement
Crawl Space, Unfinished
Exterior
Porch
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
3
Garage Type
None
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Listing contracted with Re/Max Hallmark Realty Ltd.
*** Additional Listing Details - Click Brochure Link *** Experience the perfect combination of space, versatility, and income potential in this 6-bedroom, 2-bathroom home, currently arranged as 2 separate units. Whether you are an investor or an extended family, this home offers exceptional flexibility. The main floor unit features 4 spacious bedrooms, including a huge primary bedroom. A refreshed kitchen and bathroom, along with newer flooring and fresh paint throughout, make the main level both stylish and move-in ready. Upstairs, the second-floor unit includes 2 additional bedrooms, a den, second kitchen, and a full bathroom. The current arrangement provides excellent income from dependable roommates ( all on month-to-month roommate agreements) while the owner enjoys comfortable living on the main floor. New fully fenced backyard, offering privacy. Additional features include a new Lennox furnace and central air system (2022), 2 separate hydro and water meters, and multiple entrances. Commercial/residential zoning R8-4, AC4, AC5
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LEGAL DUPLEX DETACHED DOUBLE GARAGE HOME WITH CHARACTER, INCOME POTENTIAL & OPPORTUNITY IN EAST LONDON. Welcome to 980-982 Lorne Avenue, a charming yellow-brick duplex offering original character, flexible living space and plenty of potential! Situated on a generous approximately 45 x 140 ft lot, this property features two separately addressed units, beautiful original hardwood floors, high baseboards, distinctive architectural details and inviting covered porches. The spacious main unit at 980 Lorne offers three bedrooms plus an additional room in an addition, currently used as a fourth bedroom and heated by a plug-in electric fireplace. The second unit at 982 Lorne features one bedroom, making this an appealing opportunity for investors, multi-generational living or buyers looking to occupy one unit while generating rental income from the other .Outside, enjoy a mature, tree-lined property with established gardens, outdoor entertaining areas and a detached double garage with rear-lane access. Conveniently located near downtown London, shopping, restaurants, parks, public transit and everyday amenities. A property filled with character and possibilities! Bring your vision and discover the potential of this unique East London investment opportunity.
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Estate sale. First time offered in over 70 years. Located on a 50' x 175' lot near the Coves. This front to back licensed duplex features a large 24'x 15' concrete block garage. Long term paying tenants. January 1st 2027 effective rents are: Front: $1187.13, all inclusive, Rear: $674.51 plus gas New roof shingles replaced in 2024. 2 separate furnaces. Lots of upside potential for future market rents and to improve this property to todays standards. To be sold as-is.
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First-time home buyer or investment potential! This classic Old East duplex has great curb appeal, featuring old brick architecture and a cute front patio peeking out from behind a sprawling front garden. Inside, the main floor foyer leads into a bright and inviting living room and kitchen. This space is flanked by three bedrooms, a 4PC bathroom, and an exit to the backyard. At the back of the house is a bonus storage room and access to the unfinished basement, which has been spray insulated and is spacious and tidy, allowing for even more storage. The backyard is private and quiet, with a cute lawn, shed, above-ground pool and surrounding patio. The potential lies in the upstairs unit -- which is in the middle of renovation. The roof of the house has been fully replaced in 2026, with new skylights. The property is a short walk from some of East London's most appealing amenities: Western Fair District, The Factory, BMO Centre, and more. Book your showing today!
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