$ 464,000
631 Elias Street
Primary Bedroom - 631 Elias Street, London East, ON N5W3N5 Photo 1
45 Photos
Dining room - 631 Elias Street, London East, ON N5W3N5 Photo 2
Kitchen - 631 Elias Street, London East, ON N5W3N5 Photo 3
Primary Bedroom - 631 Elias Street, London East, ON N5W3N5 Photo 6 Living room - 631 Elias Street, London East, ON N5W3N5 Photo 7 Dining room - 631 Elias Street, London East, ON N5W3N5 Photo 8 Kitchen - 631 Elias Street, London East, ON N5W3N5 Photo 9 631 Elias Street, London East, ON N5W3N5 Photo 10 631 Elias Street, London East, ON N5W3N5 Photo 11 631 Elias Street, London East, ON N5W3N5 Photo 12 631 Elias Street, London East, ON N5W3N5 Photo 13 631 Elias Street, London East, ON N5W3N5 Photo 14 631 Elias Street, London East, ON N5W3N5 Photo 15 631 Elias Street, London East, ON N5W3N5 Photo 16 631 Elias Street, London East, ON N5W3N5 Photo 17 631 Elias Street, London East, ON N5W3N5 Photo 18 631 Elias Street, London East, ON N5W3N5 Photo 19 631 Elias Street, London East, ON N5W3N5 Photo 20 631 Elias Street, London East, ON N5W3N5 Photo 21 631 Elias Street, London East, ON N5W3N5 Photo 22 631 Elias Street, London East, ON N5W3N5 Photo 23 631 Elias Street, London East, ON N5W3N5 Photo 24 631 Elias Street, London East, ON N5W3N5 Photo 25 631 Elias Street, London East, ON N5W3N5 Photo 26 631 Elias Street, London East, ON N5W3N5 Photo 27 631 Elias Street, London East, ON N5W3N5 Photo 28 631 Elias Street, London East, ON N5W3N5 Photo 29 631 Elias Street, London East, ON N5W3N5 Photo 30 631 Elias Street, London East, ON N5W3N5 Photo 31 631 Elias Street, London East, ON N5W3N5 Photo 32 631 Elias Street, London East, ON N5W3N5 Photo 33 631 Elias Street, London East, ON N5W3N5 Photo 34 631 Elias Street, London East, ON N5W3N5 Photo 35 631 Elias Street, London East, ON N5W3N5 Photo 36 631 Elias Street, London East, ON N5W3N5 Photo 37 631 Elias Street, London East, ON N5W3N5 Photo 38 631 Elias Street, London East, ON N5W3N5 Photo 39 631 Elias Street, London East, ON N5W3N5 Photo 40 631 Elias Street, London East, ON N5W3N5 Photo 41 631 Elias Street, London East, ON N5W3N5 Photo 42 631 Elias Street, London East, ON N5W3N5 Photo 43 631 Elias Street, London East, ON N5W3N5 Photo 44 631 Elias Street, London East, ON N5W3N5 Photo 45

631 Elias Street, London East

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. (id:1945)
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Property details for 631 Elias Street, London East

Type
Multi-family
Bedrooms
3
Bathrooms
2
Lot Size
27.5 x 150 FT
Stories
1.5
Basement
Unfinished, N/A
Parking
No Garage
Heating
Baseboard heaters, Forced air, Electric, Natural gas
Cooling
Window air conditioner
Exterior
Brick
Annual Taxes
$3,820

Nearby Listings Stat

Estimated price and comparable properties near 631 Elias Street

Active Listings
46
Min Price
$239,900
Max Price
$749,900
Avg Price
$486,522
Days on Market
51
days
Sold Listings
22
Min Sold Price
$199,900
Max Sold Price
$799,900
Avg Sold Price
$460,740
Days until Sold
51
days

Neighbourhood Census Data

London, Ontario

Population
612
Median Age
36.4
Median Income
$22,752
Dwelling Value
$170,346

Housing Tenure

Owners 30%
Renters 70%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 1.7
Pop. Density: 3,808.3/km²
Avg Shelter Cost: $914/mo
Owners with Mortgage: 65.2%
Owners Spending 30%+: 26.1%
Tenants Spending 30%+: 50.9%
English only: 89.4%
English and French: 9.8%
Median Household Income: $31,552
Median Employment Income: $24,032

Price History

Listed
July 28, 2026
by THE REALTY FIRM INC.
Current Price
$464,000
-3.3% from last change
Type
Multi-family
For Sale
Price Changes
1
Date Price Change
Current $464,000 $15,999 (-3.3%)
Aug 28, 2026 $479,999 Listed

Contact Agent Get in touch about 631 Elias Street, London East

REBECCA BLAKE
REBECCA BLAKE
THE REALTY FIRM INC.

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