631 Elias Street, London - East (East G) ON

About 631 Elias Street

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:56071). Get more information on 631 Elias Street

Property Features

Appliances:  Water Heater, Dryer, Stove, Washer, Refrigerator
Features:  In-Law Suite
Rental Equipment:  Water Heater
Fireplace Total:  1
Fireplace:   Insert
Directions:  Cross Streets: Adelaide and Elias. ** Directions: Heading north on Adelaide St. turn right on Elias St., Property will be on your right hand side.
Zoning Description:  R3-2
Interior Size (Approximate):  1500 - 2000 sqft
Community Features:  School Bus
Amenities:  Fireplace(s), Separate Heating Controls, Separate Electricity Meters
Lot (Approximate):  27.5 x 150 FT 27.5 x 150 FT
Exterior Finish:  Brick
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Electric, Natural gas / Window air conditioner
Age (Approximate): 100+ years
Foundation: Concrete
Basement:  N/A (Unfinished) Unfinished

Rooms & Sizes

(Approximate)

Primary Bedroom Second level 2.8 m x 4.24 m	Living room Second level 3.25 m x 2.9 m	Dining room Second level 3.33 m x 2.36 m
Kitchen Second level 2.7 m x 2.9 m	Primary Bedroom Main level 5.78 m x 3.02 m	Dining room Main level 3.86 m x 2.62 m
Kitchen Main level 3.3 m x 3.6 m	Living room Main level 3.44 m x 3.78 m	Bedroom Main level 2.92 m x 3.96 m