Salehian.com 647-325-5000

631 Elias Street

East G, London East, N5W 3N5

$464,000

Reduced $15,999 from $479,999

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  • 3 bedrooms
  • 2 bathrooms
  • 5 parking
  • 1500-2000 sq ft

Listed 84 days ago · MLS® X13614444

About this home

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.

Details

Type
Duplex
Style
1 1/2 Storey
Age
100+ years
Size
1500-2000 sq ft
Lot
27.5 × 150 ft
Basement
Unfinished
Garage
None
Kitchens
2
Property tax
$3,820 (2026)
Neighbourhood
East G
Municipality
London East

Interior

Bedrooms
3 above ground
Bathrooms
2 × 4-piece (second)
Rooms
11 above ground
Family room or den
No
Fireplace
Fireplace Insert, Natural Gas
Features
In-Law Suite, In-Law Capability, Primary Bedroom - Main Floor, Separate Heating Controls, Separate Hydro Meter, Storage, Water Heater

Heating, cooling and services

Heating
Baseboard, Electric
Air conditioning
Window Unit(s)
Water and sewer
Sewer

Building and exterior

Style
1 1/2 Storey
Exterior
Brick
Roof
Asphalt Shingle
Foundation
Concrete
Age
100+
Faces
South
Outdoor
Deck, Porch

Parking

Total parking
5
Driveway and parking
Private

Lot

Size
27.5 × 150 ft

More

Possession
30-59 days
Nearby
Library, Park, Public Transit, School, School Bus Route
Cross street
Adelaide and Elias

Rooms

RoomLevelSizeFeatures
Primary BedroomMain5.78 × 3.02 m (19' × 9'11")
Dining RoomMain3.86 × 2.62 m (12'8" × 8'7")
KitchenMain3.3 × 3.6 m (10'10" × 11'10")
Living RoomMain3.44 × 3.78 m (11'3" × 12'5")
BedroomMain2.92 × 3.96 m (9'7" × 13')
Primary BedroomSecond2.8 × 4.24 m (9'2" × 13'11")
Living RoomSecond3.25 × 2.9 m (10'8" × 9'6")
Dining RoomSecond3.33 × 2.36 m (10'11" × 7'9")
KitchenSecond2.7 × 2.9 m (8'10" × 9'6")

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 1 grocery store, 15 cafés and restaurants, 4 parks, 1 pharmacy. Nearest grocery: Real Canadian Superstore (950 m). Nearest park: McMahen Park (350 m).

Schools nearby

Elementary

  • Lord Roberts Public School10 min walk
  • East Carling Public School
    EQAO: Gr 6 reading 76%, math 46%    1.3 km
  • St George's Public School Catholic
    EQAO: Gr 6 reading 90%, math 81%    1.3 km
  • Aberdeen Public School
    EQAO: Gr 6 reading 65%, math 33%    1.4 km

Secondary

  • H.B. Beal Secondary School
    EQAO: Gr 9 math 56%, literacy test 79%    12 min walk
  • St. Mary's Catholic School Catholic12 min walk
  • Catholic Central High School Catholic
    EQAO: Gr 9 math 57%, literacy test 89%    13 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N5W

Owners / renters
59% / 41%
Median household income
$64,500
Average age
42
Children under 15
13%
Homes
56% detached, 9% high-rise
Commute by transit
8%
Population
24,740

Languages spoken most at home besides English: Spanish 1.3%, Portuguese 1%, Punjabi (Panjabi) 0.5%, Polish 0.5%.

Safety

Crime Severity Index for London police: 73 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown London: 1 km. Transit times · Driving times

Noise 1 source nearby

  • 🚆 Rail line (Galt Subdivision)250 m

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by THE REALTY FIRM INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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