For Sale: 631 Elias Street, London, ON - REW
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$499,999
3 bd • 2 ba • 1500 - 1999 sf • Multifamily
631 Elias Street
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$499,999
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631 Elias StreetLondon, ON, N5W 3N5

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

About this home

Fantastic opportunity for first-time buyers and investors alike! This charming yellow brick duplex in London's vibrant Old East Village offers the perfect chance to offset your mortgage with rental income or add a solid investment property to your portfolio. The upper unit will be vacant as of September 1st, making it ideal for an owner-occupier or for setting your own market rent. This bright and spacious 2-bedroom unit features a unique layout with one bedroom on the main floor and a second bedroom upstairs. The upper unit also offers its own private laundry, electric baseboard heating with the added comfort and charm of a gas fireplace. The lower unit is occupied by excellent month-to-month tenants who are currently paying $1,083 per month and would love to stay. This self-contained unit includes its own separate laundry, forced air gas heating. Both units are separately metered for hydro and gas, with tenants currently paying their own utilities. Water and water heater rentals are paid by the owner. Recent updates include the roof being redone in three phases between 2018 and 2021, a refinished bathtub in 2023, a new washer in 2023, a new gas fireplace insert in 2025, and a newly rebuilt deck in 2025.With separate utilities, private laundry for each unit, and the flexibility of a soon-to-be vacant upper unit, this property offers exceptional value and versatility. Whether you're looking to live in one unit while generating rental income from the other, or seeking a turnkey investment in a growing neighbourhood, 631 Elias Street is an opportunity you won't want to miss. Conveniently located close to downtown, public transit, schools, parks, and all 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
$499,999
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Gross Taxes for 2025
$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
1 Day
MLS® Number
X13500776
Source
Canadian Real Estate Association
Board
London and St. Thomas Association of REALTORS®
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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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