Primary (3.02 × 5.78)
Level: Main
631 Elias St
East G, London East, Ontario N5W 3N5
Description
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.
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- X13614444
- Board
- TRREB MLS®
- Days on market
- Tax
- $3,820
- Size
- 1500-2000 sqft
- Lot
- 27.5 × 150 Feet
- Parking
- None, 5 Parking
Listing History
Listing activity for 631 Elias St, London East, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $464,000 | N/A | Pc | X13614444 |
Property Details
Property
- Property Type
- Duplex
- Style
- 1 1/2 Storey
- Community
- East G
- Municipality
- London East
Inside
- Bedrooms
- 3
- Bathrooms
- 2
- Bathroom Detail
- 2, 4pc, 2nd
- Bathroom Detail
- 4pc, Main
- Basement Type
- Unfinished
- Kitchens
- 2
Utilities
- Water
- Municipal
- Cooling
- Window Unit
- Heating Type
- Baseboard
Building
- Size
- 1500-2000 sqft
- Construction
- Brick
Parking
- Driveway
- Private
- Garage Type
- None
- Add. Parking
- 5
- Total Parking
- 5
Land
- Sewer
- Sewers
- Lot Size
- 27.5 × 150 Feet
- Lot Size Code
- Feet
Additional
- Year built
- 100+
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Fireplace
- Y
- Pool
- None
- Den
- N
- Family room
- N
- Extras
- Main floor fridge, stove, washer, dryer. Upper Level Fridge, Stove, Washer, Dryer
Rooms (9)
Dining (2.62 × 3.86)
Level: Main
Kitchen (3.6 × 3.3)
Level: Main
Living (3.78 × 3.44)
Level: Main
Br (3.96 × 2.92)
Level: Main
Primary (4.24 × 2.8)
Level: 2nd
Living (2.9 × 3.25)
Level: 2nd
Dining (2.36 × 3.33)
Level: 2nd
Kitchen (2.9 × 2.7)
Level: 2nd
Location
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
14 records read 7 on record nearby 7 checked, none on recordRead 2026-10-28
Water and conservation
- No mapped wetland within 120 m
- No water-supply well recorded within 250 m25 test or monitoring holes also recorded.
- Groundwater recorded about 3 m below ground nearbyThe middle water level in the well records within 500 m (78 records). It changes with the season and from spot to spot.
- Bedrock about 37.2 m down nearbyThe middle depth to bedrock in the well records within 500 m.
Province of Ontario open data
Planning and building activity
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- Nearest airport: 6.8 km
Province of Ontario open data
Around the home
- Nearest rail line: 230 m
Province of Ontario open data
Environmental records
- No licensed pit or quarry within 2 km
- No recorded oil, gas or salt well within 250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is London District Energy, 1.3 km away. Only facilities above the inventory’s reporting thresholds are listed.
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.
Province of Ontario open data · Government of Canada open data
Power and internet
- Electricity is distributed here by London Hydro Inc.
- Wired internet 50/10 Mbps or faster is listed at a household 30 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (30 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Ontario Energy Board · Innovation, Science and Economic Development Canada
None of this is an inspection of the property. Confirm anything that matters to you with the municipality, the conservation authority or the record’s publisher. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$2,127
- Down payment$92,800
- Mortgage amount$371,200
- Total interest$266,900
- Total cost$730,900
Cash flow analysis
$2,127
Total monthly payment
$2,445
Break-even down payment
100%
Cash flow-$2,445
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
$464,000
$464,000
CAD
Estimate unavailable
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