631 Elias Street, London East, ON N5W 3N5

About this property

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.

Property facts & features

Property type

Duplex

MLS® number

X13614444

Source status

Price Change

Bedrooms

3

Bathrooms

2

Reported interior area

Not provided

Neighbourhood

Not provided

Postal code

N5W 3N5

Parking spaces

5

Garage

None

Lot depth (source units)

150

Annual property tax

3820

Basement

Unfinished

Laundry

Not provided

Interior features

In-Law Suite, In-Law Capability, Primary Bedroom - Main Floor, Separate Heating Controls, Separate Hydro Meter, Storage, Water Heater

Exterior features

Deck, Porch

Values and units are reported by the listing source. Verify measurements and fees with the brokerage.

Floor plans & room measurements

Floor plans and verified room measurements are not available for this property.

Property value & listing history

Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.

Plan your monthly ownership costs

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Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.

Location & neighbourhood

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