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 and 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 2026.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.
Address
631 Elias Street
List Price
$479,999
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Duplex
Style of Home
1 1/2 Storey
Transaction Type
Sale
Area
London East
Sub-Area
East G
Region
Middlesex
Bedrooms
3
Bedrooms (Total)
3
Rooms Above Grade
11
Bathrooms
2
Floor Area
1500-2000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
150
Lot Size Units
Feet
Lot Width
27.5
Parcel Number
082800218
Occupant Type
Partial
Cross Street
Adelaide and Elias
Approx. Age
100+ Years
MLS® Number
X13614444
Listing Brokerage
THE REALTY FIRM INC.
Basement Area
[Unfinished]
Postal Code
N5W 3N5
Parking
[Private]
Parking Places (Total)
5
Parking Spaces
5
Tax Amount
$3,820.00
Tax Year
2026
Site Influences
Park, Porch], Public Transit, School, School Bus Route], [Deck, [Library
Exterior Features
[Deck, Porch]
Interior Features
[In-Law Suite, In-Law Capability, Primary Bedroom - Main Floor, Separate Heating Controls, Separate Hydro Meter, Storage, Water Heater]
Property Features
[Library, Park, Public Transit, School, School Bus Route]
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
[Unknown]
Standard Status
Active
Board Or Association
London and St. Thomas Association of REALTORS
Heat Source
Electric
Heat Type
Baseboard
Cooling Features
[Window Unit(s)]
Construction Materials
[Brick]
Direction Faces
South
Fireplace
Yes
Fireplace Features
[Fireplace Insert, Natural Gas]
Foundation Details
[Concrete]
Garage
No
Garage Type
None
Kitchens Total
2
Kitchens Above Grade
2
Pool Features
[None]
Roof
[Asphalt Shingle]
Tax Legal Description
PART LOT 8, BLOCK "E", PLAN 212(3RD) AS IN 803294; SUBJECT TO AND TOGETHER WITH 803294 LONDON
Waterfront
No
Sewer
[Sewer]
Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Primary Bedroom | 5.78 x 3.02 | |
| Main | Dining Room | 3.86 x 2.62 | |
| Main | Kitchen | 3.3 x 3.6 | |
| Main | Living Room | 3.44 x 3.78 | |
| Main | Bedroom | 2.92 x 3.96 | |
| Second | Primary Bedroom | 2.8 x 4.24 | |
| Second | Living Room | 3.25 x 2.9 | |
| Second | Dining Room | 3.33 x 2.36 | |
| Second | Kitchen | 2.7 x 2.9 |