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631 ELIAS STREET, London East (East G)
2026-06-30
Quick Summary
MLS®#X13500776
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. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Park, Public Transit, Schools
Building
- Amenities: Fireplace(s), Separate Heating Controls, Separate Electricity Meters
- Appliances: Water Heater, Dryer, Stove, Washer, Refrigerator
- Basement Development: Unfinished
- Basement Type: N/A (Unfinished)
- Cooling Type: Window air conditioner
- Exterior Finish: Brick
- Fireplace: Yes
- Interior Size: 1500 - 2000 sqft
- Building Type: Duplex
- Stories: 1.5
- Utility Water: Municipal water
Features
- Feature: In-Law Suite
Land
- Land Size: 27.5 x 150 FT
- Sewer: Sanitary sewer
Structure
- Structure: Deck, Porch
Zoning
- Description: R3-2
Information entered by THE REALTY FIRM INC.
Listing information last updated on: 2026-06-29 16:34:22
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$500,000
Your One Percent Realty Commission savings†
$500,000
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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
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One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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