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Jackson Realty

alex@jacksonrealty.ca +1(705) 327-4487

$ 464,000

Est. payment -/mo

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Price Dropped by $15K

631 ELIAS STREET London East (east G), ON N5W3N5

3 Beds

2 Baths

1,500 SqFt

Open House

Sun Aug 30, 2:00pm - 4:00pm

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500 - 2000

Square Footage 1,500 sqft

Price per Sqft $309

Subdivision East G

MLS® Listing ID X13614444

Bedrooms 3

Property Description

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:24570)

Location

State ON

Rooms

Kitchen 2.0

Extra Room 1 Second level 2.8 m X 4.24 m Primary Bedroom

Extra Room 2 Second level 3.25 m X 2.9 m Living room

Extra Room 3 Second level 3.33 m X 2.36 m Dining room

Extra Room 4 Second level 2.7 m X 2.9 m Kitchen

Extra Room 5 Main level 5.78 m X 3.02 m Primary Bedroom

Extra Room 6 Main level 3.86 m X 2.62 m Dining room

Interior

Heating Baseboard heaters, Forced air, ,

Cooling Window air conditioner

Fireplaces Number 1

Fireplaces Type Insert

Exterior

Parking Features No

Community Features School Bus

View Y/N No

Attached Garage No

Total Parking Spaces 5

Garage No

Private Pool No

Building

Story 1.5

Sewer Sanitary sewer

Listed by THE REALTY FIRM INC.

Jackson Realty

+1(705) 327-4487

Jackson Realty

631 ELIAS STREET London East (east G), ON N5W3N5

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

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631 ELIAS STREET