For Sale: 631 Elias Street, London, ON - REW
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$464,000
3 bd • 2 ba • 1500 - 1999 sf • Multifamily
631 Elias Street
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$464,000
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631 Elias StreetLondon, ON, N5W 3N5

East London
  • 3 Bed
  • 2 Bath
  • 1500 - 1999 Sqft
  • Multifamily

About this home

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:63626)
Listed by: REBECCA BLAKE, Salesperson, THE REALTY FIRM INC.

Home facts and features

Price details
List Price
$464,000
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Gross Taxes for 2026
$3,820
Home facts
Bedrooms
3
Full Bathrooms
2
Parking Spaces
5
Parking Details
No Garage
Property Type
Multifamily
Depth
150 feet
Frontage
27.6 feet
Exterior Finish
Brick
Heating Type
Baseboard heaters, Forced air, Electric, Natural gas
Cooling
Window air conditioner
Basement Details
Unfinished,
Features
Fireplace(s), In-Law Suite, Separate Electricity Meters, Separate Heating Controls
Appliances
Dryer, Refrigerator, Stove, Washer, Water Heater
Community
Agent details
Primary Agent
REBECCA BLAKE
Primary Broker
THE REALTY FIRM INC.
Listing details
Days on REW
64 Days
Property Views
19
MLS® Number
X13614444
Source
Canadian Real Estate Association
Board
London and St. Thomas Association of REALTORS®
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25 Years
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Property Insights

H B Beal Secondary School
  • Public
  • 9 - 12
St Mary School
  • Catholic
  • 5 - 8
Catholic Central High School
  • Catholic
  • 9 - 12
London Central Secondary School
  • Public
  • 9 - 12
East Carling Public School
  • Public
  • JK - 8
St Georges Public School
  • Public
  • JK - 8
St Michael School
  • Catholic
  • JK - 8
Knollwood Park Public School
  • Public
  • JK - 8
Aberdeen Public School
  • Public
  • JK - 8
Blessed Sacrament School
  • Catholic
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
REBECCA BLAKE
Phone:
(888) 415-0275
Cell:
519-639-9695
Office:
519-601-1160
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