406 Grey Street
London East, N6B 1H3·MLS® X13263746·
Listing courtesy of Homelife/cimerman Real Estate Limited·Updated 3 days ago
Listing price
$739,900
Est. $3,524/mo
Days on market
Listed Jun 5, 2026
Description
This exceptional downtown corner-side-by-side duplex presents a rare opportunity in the highly sought-after SOHO district. As one of the largest properties of its kind in the neighbourhood, it offers the unique advantage of essentially providing two three-bedroom semi-detached homes for the price of one. Each unit features its own private driveway, separate entrance, individual basement, and dedicated backyard, ensuring both comfort and independence. Unit A (Grey Street-facing) offers three spacious bedrooms, a luxurious 4-piece spa-inspired bathroom, and main-floor laundry. The unit has been recently updated with a brand-new kitchen featuring granite countertops and stainless steel appliances. Additional highlights include a full basement with new windows, a large unfinished attic with significant potential, and a detached garage with a new roof and masonry repairs. This unit also benefits from four parking spaces. Unit B (Colborne Street-facing) has been extensively updated with a newly renovated bathroom, new front and rear entry doors, and a full suite of new appliances, including a refrigerator, stove, washer, dryer, dishwasher, range hood, sink, and faucet. Exterior pot lighting has also been added for enhanced curb appeal. Both units are separately metered for hydro, making this property an excellent opportunity for investors or multi-generational living. This is a truly rare offering in a prime location, combining size, functionality, and strong income potential.
Property details
Garage
1 car Detached
Basement
Unfinished
Parking
9 spaces
Type
Duplex — Bungalow
Heating
Forced Air
AI property estimate
82% confidence · 8 comparable sales analysed
Location & neighbourhood
Monthly payment estimate
Land transfer tax
Ontario LTT
$11,273
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Sold comparables nearby
Sold$588,000
58 Windsor Avenue, London South
Sold$640,000
482 Princess Avenue, London East
See all 10 comparables
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Market conditions · East K
Avg. sold price
$682,400
+5.2%
Avg. days on market
18
−3d
Sale-to-list ratio
101.2%
+0.8%
Investment analysis
Est. monthly rent
$2,960
Rental yield
4.8%
Est. cash flow
-$1,770
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$177,357
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$762,837
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