631 Elias Street London East, Ontario N5W 3N5
$464,000
Turnkey Investment Opportunity in Old East Village! This charming yellow brick duplex at 631 Elias Street is fully leased and cash-flowing from day one, offering a rare chance to add a hassle-free, income-producing property to your portfolio. Both units are occupied by reliable tenants, delivering $2,633/month in combined gross rent with tenants responsible for their own hydro and gas.The upper unit is a bright, spacious 2-bedroom with a unique layout: one bedroom on the main floor and a second bedroom upstairs. It's now leased at $1,550/month plus hydro and gas and features its own private laundry, electric baseboard heating, and the added comfort and charm of a gas fireplace.The lower unit is home to a reliable, long-term tenant currently paying $1,083/month, with its own separate laundry and forced-air gas heating.Both units are separately metered for hydro and gas, with tenants covering their own utilities. The owner pays water only, keeping expenses low and predictable.Recent updates take the guesswork out of ownership. The roof was redone in three phases between 2018 and 2021, the bathtub was refinished in 2023, a new washer was installed in 2023, a new gas fireplace insert was added in 2025, and the deck was rebuilt in 2026.With two stable tenancies in place, separately metered utilities, private laundry in each unit, and a strong list of recent updates, 631 Elias Street is ready for an investor to step in and start collecting rent immediately. No vacancy, no renovation, no delay. Ideally located close to downtown, public transit, schools, parks, and the shops, cafés, breweries, and restaurants that make Old East Village one of London's most exciting and evolving neighbourhoods. (id:28006)
Property Details
| MLS® Number | X13614444 |
| Property Type | Multi-family |
| Community Name | East G |
| Amenities Near By | Park, Public Transit, Schools |
| Community Features | School Bus |
| Equipment Type | Water Heater |
| Features | In-law Suite |
| Parking Space Total | 5 |
| Rental Equipment Type | Water Heater |
| Structure | Deck, Porch |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Total | 3 |
| Age | 100+ Years |
| Amenities | Fireplace(s), Separate Heating Controls, Separate Electricity Meters |
| Appliances | Water Heater, Dryer, Stove, Washer, Refrigerator |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Brick |
| Fireplace Present | Yes |
| Fireplace Total | 1 |
| Fireplace Type | Insert |
| Foundation Type | Concrete |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 2 |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Park, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 150 Ft |
| Size Frontage | 27 Ft ,6 In |
| Size Irregular | 27.5 X 150 Ft |
| Size Total Text | 27.5 X 150 Ft |
| Zoning Description | R3-2 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Primary Bedroom | 2.8 m | 4.24 m | 2.8 m x 4.24 m |
| Second Level | Living Room | 3.25 m | 2.9 m | 3.25 m x 2.9 m |
| Second Level | Dining Room | 3.33 m | 2.36 m | 3.33 m x 2.36 m |
| Second Level | Kitchen | 2.7 m | 2.9 m | 2.7 m x 2.9 m |
| Main Level | Primary Bedroom | 5.78 m | 3.02 m | 5.78 m x 3.02 m |
| Main Level | Dining Room | 3.86 m | 2.62 m | 3.86 m x 2.62 m |
| Main Level | Kitchen | 3.3 m | 3.6 m | 3.3 m x 3.6 m |
| Main Level | Living Room | 3.44 m | 3.78 m | 3.44 m x 3.78 m |
| Main Level | Bedroom | 2.92 m | 3.96 m | 2.92 m x 3.96 m |
https://www.realtor.ca/real-estate/30088744/631-elias-street-london-east-east-g-east-g
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August 31 2026 04:20:47
London and St. Thomas Association of REALTORS®
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