header

$464,000
Available - For Sale
Listing ID: X13614444
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.
Price $464,000
Taxes: $3,820
Occupancy by: Partial
Address: 631 Elias Street , London East, N5W 3N5, Middlesex
Directions/Cross Streets: Adelaide and Elias
Rooms: 11
Bedrooms: 3
Bedrooms +: 0
Washrooms: 2
Family Room: F
Basement: Unfinished
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Primary B 18.96 9.91
Room 2: Main Dining Ro 12.66 8.59
Room 3: Main Kitchen 10.82 11.81
Room 4: Main Living Ro 11.28 12.40
Room 5: Main Bedroom 9.58 12.99
Room 6: Second Primary B 9.18 13.91
Room 7: Second Living Ro 10.66 9.51
Room 8: Second Dining Ro 10.92 7.74
Room 9: Second Kitchen 8.86 9.51
No. of Pieces Level
Washroom 1:  4 Second
Washroom 2:  4 Main
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4 Second
Washroom 7:  4 Main
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  4 Second
Washroom 12:  4 Main
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  4 Second
Washroom 17:  4 Main
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Washroom 21:  4 Second
Washroom 22:  4 Main
Washroom 23:  0
Washroom 24:  0
Washroom 25:  0
Washroom 26:  4 Second
Washroom 27:  4 Main
Washroom 28:  0
Washroom 29:  0
Washroom 30:  0
Washroom 31:  4 Second
Washroom 32:  4 Main
Washroom 33:  0
Washroom 34:  0
Washroom 35:  0
Property Type: Duplex
Style: 1 1/2 Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 5
Park #1
Parking Type: Private
Park #2
Parking Type: Private
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 1500-2000
Property Features: Library
Park
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: Y
Heat Type: Baseboard
Central Air Conditioning: Window Unit
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
First Name: *
Last Name: *
Phone: *
Email: *
Showing Date:
Showing Time:
I Am Thinking of Moving
 
First Name: *
Last Name: *
Phone: *
Email: *

Message:

From:

Name:
Email:

To:

Name:
Email:

Comment:

 

Down payment: $  
Interest Rate: %  
Amortization :  Years
Payment Frequency:
Your Payment:
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
THE REALTY FIRM INC.

631 Elias Street , London East, N5W 3N5, Middlesex

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
 Book Showing   Email a Friend 
Jump To:
At a Glance:
Type: Freehold - Duplex
Area: Middlesex
Municipality: London East
Neighbourhood: East G
Style: 1 1/2 Storey
Lot Size: x 150.00(Feet)
Approximate Age: 100+
Tax: $3,820
Maintenance Fee: $0
Beds: 3
Baths: 2
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
Locatin Map:
View Larger Map
Payment Calculator:
Price:
Down Payment: %
Rate: %
Amortization:  Years
Frequency
Calculate
Down Payment:
Mortgage Payment:
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Listing info
Description
General Details
Room & Interior
Exterior
Utilities
Get More Info:
Book Showing
Request More Info
Email Friend
Photos and movies:
View Slide Show
View All Photos
Calculator:
Affordability Chart
Mortgage Calculator
More To Do:
Print This Page

Listing added to compare list, click here  to view comparison chart.
Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949