631 ELIAS STREET, London East (east G), ON N5W3N5
631 ELIAS STREET, London East (east G), ON N5W3N5,Video Tour
631 ELIAS STREET, London East (east G), ON N5W3N5
631 ELIAS STREET, London East (east G), ON N5W3N5
631 ELIAS STREET, London East (east G), ON N5W3N5
631 ELIAS STREET, London East (east G), ON N5W3N5
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Adriana Preston

Adriana Preston

+1(250) 859-0177
$ 499,999
Est. payment | /mo

3 Beds

2 Baths

1,500 SqFt

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$ 499,999
Est. payment | /mo
Save Virtual Tour

3 Beds

2 Baths

1,500 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500 - 2000

Square Footage 1,500 sqft

Price per Sqft $333

Subdivision East G

MLS® Listing ID X13500776

Bedrooms 3

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:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Second level 2.8 m X 4.24 m Primary Bedroom

Extra Room 2 Second level 3.25 m X 2.9 m Living room

Extra Room 3 Second level 3.33 m X 2.36 m Dining room

Extra Room 4 Second level 2.7 m X 2.9 m Kitchen

Extra Room 5 Main level 5.78 m X 3.02 m Primary Bedroom

Extra Room 6 Main level 3.86 m X 2.62 m Dining room

Interior

Heating Baseboard heaters, Forced air, ,

Cooling Window air conditioner

Fireplaces Number 1

Fireplaces Type Insert

Exterior

Parking Features No

Community Features School Bus

View Y/N No

Attached Garage No

Total Parking Spaces 5

Garage No

Private Pool No

Building

Story 1.5

Sewer Sanitary sewer

Others

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Adriana Preston

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+1(250) 859-0177

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631 ELIAS STREET