Brick facade residence featuring a covered front porch with white railing Features: porch, parking pad, electric meter, brick siding, shake shingle siding More Photos

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    For Sale - 631 Elias Street, London East, Ontario

    Est payment $2,228/mo
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    Views   3
    Time on Jump  54 day

    AI Summary *

    • Fully leased duplex generating immediate cash flow from reliable tenants.
    • Upper unit with private laundry and gas fireplace, spacious and unique layout.
    • Lower unit has long-term tenant, separate laundry, and reliable heating.
    • Separately metered utilities with tenants covering their own expenses.
    • Recent updates provide peace of mind and minimize ownership hassles.




    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.
    Listing IDX13614444
    Address631 Elias Street
    CityLondon East, Ontario
    Price$464,000
    Bed / Bath3 / 2 Full
    Style1 1/2 Storey, Duplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features In-Law Suite, In-Law Capability, Primary Bedroom - Main Floor, Separate Heating Controls, Separate Hydro Meter, Storage, Water HeaterOutdoor Features Deck, PorchAmenities Library, Park, Public Transit, School, School Bus RouteOwnership FreeholdBasement UnfinishedFoundation ConcreteHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

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    Listing Agency:  THE REALTY FIRM INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    631 Elias Street
    London East , Ontario
    3 2 $464,000
    Get more info