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Tish Schobourgh

tish.schobourgh@exprealty.com +1(647) 466-6172

$ 499,999

Est. payment -/mo

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631 Elias ST London East, ON N5W 3N5

3 Beds

2 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision East G

MLS Listing ID X13500776

Style 1 1/2 Storey

Bedrooms 3

Annual Tax Amount $3,820

Tax Year 2026

Property Sub-Type Duplex

Property Description

Fantastic opportunity for first-time buyers and investors alike! This charming yellow brick duplex in London's vibrant Old East Village offers the perfect chance to offset your mortgage with rental income or add a solid investment property to your portfolio. The upper unit will be vacant as of September 1st, making it ideal for an owner-occupier or for setting your own market rent. This bright and spacious 2-bedroom unit features a unique layout with one bedroom on the main floor and a second bedroom upstairs. The upper unit also offers its own private laundry, electric baseboard heating with the added comfort and charm of a gas fireplace. The lower unit is occupied by excellent month-to-month tenants who are currently paying $1,083 per month and would love to stay. This self-contained unit includes its own separate laundry, forced air gas heating. Both units are separately metered for hydro and gas, with tenants currently paying their own utilities. Water and water heater rentals are paid by the owner. Recent updates include the roof being redone in three phases between 2018 and 2021, a refinished bathtub in 2023, a new washer in 2023, a new gas fireplace insert in 2025, and a newly rebuilt deck in 2025.With separate utilities, private laundry for each unit, and the flexibility of a soon-to-be vacant upper unit, this property offers exceptional value and versatility. Whether you're looking to live in one unit while generating rental income from the other, or seeking a turnkey investment in a growing neighbourhood, 631 Elias Street is an opportunity you won't want to miss. Conveniently located close to downtown, public transit, schools, parks, and all the shops, cafés, breweries, and restaurants that make Old East Village one of London's most exciting and evolving neighbourhoods.

Location

State ON

County Middlesex

Area Middlesex

Rooms

Family Room No

Basement Unfinished

Kitchen 2

Interior

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

Cooling Window Unit(s)

Fireplaces Type Fireplace Insert, Natural Gas

Fireplace Yes

Heat Source Electric

Exterior

Exterior Feature Deck, Porch

Parking Features Private

Pool None

Roof Type Asphalt Shingle

Lot Frontage 27.5

Lot Depth 150.0

Total Parking Spaces 5

Building

Building Age 100+

Unit Features Library,Park,Public Transit,School,School Bus Route

Foundation Concrete

Others

ParcelsYN No

Virtual Tour https://my.matterport.com/show/?m=XmwzdHkUSXv&mls=1

Listed by THE REALTY FIRM INC.

Tish Schobourgh

+1(647) 466-6172

Tish Schobourgh

631 Elias ST London East, ON N5W 3N5

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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631 Elias ST