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406 Grey Street

London East, N6B 1H3·MLS® X13263746·

Listing courtesy of Homelife/cimerman Real Estate Limited·Updated 3 days ago

6Beds
2Baths
1,500-2,000Sqft
Year Built

Listing price

$739,900

Est. $3,524/mo

Days on market

4

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

$762,837Above Market
$718,443$807,231

82% confidence · 8 comparable sales analysed

Location & neighbourhood

Old East Village

London East, ON

Vibrant arts district with walkable streets and character homes.

Monthly payment estimate

Mortgage (5.24%, 25yr)$3,524
Property tax$802
Insurance (est.)$154
Utilities (est.)$250
Total monthly$4,730

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

Jun 5, 2026Listed
$739,900

Sold comparables nearby

58 Windsor Avenue, London SouthSold

$588,000

58 Windsor Avenue, London South

5 bd·3 ba·2,000-2,500 sqft
482 Princess Avenue, London EastSold

$640,000

482 Princess Avenue, London East

5 bd·2 ba·2,000-2,500 sqft

See all 10 comparables

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Market conditions · East K

Buyer's marketBalancedSeller's market

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

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$177,357

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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AI estimate

$762,837

Above Market

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