631 Elias Street, London East, ON N5W 3N5
East G, London East · Near Adelaide and Elias · View map
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.
The home
- Type
- 1 1/2 storey
- Style
- 1 1/2 Storey
- Square footage
- 1500-2000 sq ft
- Bedrooms
- 3
- Bathrooms
- 2
- Kitchens
- 2
- Rooms
- 11
- Basement
- Unfinished
- Lot size
- 27.5 x 150 ft
- Faces
- South
- Approximate age
- 100+ years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Electric
- Heating type
- Baseboard
- Air conditioning
- Window Unit(s)
- Fireplace
- Yes
Garage & parking
- Driveway spaces
- 5
- Total parking
- 5
- Parking features
- Private
Taxes & other
- Property taxes
- $3,820/yr
- Tax year
- 2026
- Occupancy
- Partial
- Possession
- 30-59 days
- Cross street
- Adelaide and Elias
- Neighbourhood
- East G
More
- Price per sq ft
- ~$265 (at 1,750 sq ft)
- Listed
- Jul 28, 2026 · 76 days ago
- MLS® number
- X13614444
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The home and its surroundings
- In-Law Suite
- In-Law Capability
- Primary Bedroom - Main Floor
- Separate Heating Controls
- Separate Hydro Meter
- Storage
- Water Heater
- Library
- Park
- Public Transit
- School
- School Bus Route
- Deck
- Porch
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
631 Elias Street, London East, ON N5W 3N5
East G, London East · Near Adelaide and Elias
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Listing history for 631 Elias Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 631 Elias Street
Answers come straight from this home’s MLS® listing.
How much is 631 Elias Street listed for, and what would it cost each month?
631 Elias Street is listed for $464,000. With 20% down ($92,800), the mortgage payment would be roughly $1,872 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2,190 a month, all in. That figure is an illustration, not a quote.
Is 631 Elias Street freehold or a condo, and is there a monthly fee?
631 Elias Street is a 1 1/2 storey in East G, London East. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 631 Elias Street have?
631 Elias Street has 3 bedrooms and 2 bathrooms.
Does 631 Elias Street have a garage and parking?
The listing does not show a garage. The driveway adds 5 spaces. In total the listing counts 5 parking spaces.
Does 631 Elias Street have a finished basement?
The listing describes the basement as unfinished.
What style of home is 631 Elias Street?
631 Elias Street is a 1 1/2 storey. A 1½-storey home has a full main floor and a partial second floor under the roofline, often with dormer windows.
How big is 631 Elias Street, and what is the lot size?
The listing puts the home between 1,500 and 2,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 27.5 x 150 ft.
How is 631 Elias Street heated and cooled?
Heating is baseboard (electric). Cooling is window unit(s).
What are the property taxes for 631 Elias Street?
Property taxes are $3,820 a year (2026), or about $318 a month.
Where is 631 Elias Street?
631 Elias Street is in the East G community of London East. The nearest main intersection is Adelaide and Elias. The postal code is N5W 3N5.
How long has 631 Elias Street been on the market?
631 Elias Street was listed on July 28, 2026. It has been on the market for 76 days. It is an active listing (MLS® X13614444). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 631 Elias Street asking?
Similar bungalow-style homes for sale nearby right now include 971 Elias Street at $429,000 (3 bed), 767 Elias Street N at $325,500 (3 bed) and 686 Elias Street at $462,000 (5 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 631 Elias Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 631 Elias Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar bungalows nearby
More bungalow-style homes for sale near East G, picked by style, size and price.
1 1/2 storey$429,000971 Elias Street, London East3 bed · 1 bath · East GCourtesy of: RE/MAX CENTRE CITY REALTY INCView home →
1 1/2 storey$325,500767 Elias Street N, London East3 bed · 2 bath · East GCourtesy of: THE REALTY FIRM PRESTIGE BROKERAGE INC.View home →
1 1/2 storey$462,000686 Elias Street, London East5 bed · 2 bath · East GCourtesy of: EXP REALTYView home →Courtesy of: THE REALTY FIRM INC.
PropTx MLS® assumes no responsibility for the accuracy of any information shown. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.