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631 Elias St, London, ON

Name: 631 Elias St, For Sale in London - eXp Realty
Brand: THE REALTY FIRM INC.
SKU: X13614444
Price: 479999 CAD

House

For Sale

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325

MLS® X13614444

Key Facts
Description
Rooms
Map

Key Facts

Type Duplex

Levels Residential Income

Size -

Garage Yes

Taxes $3,820

Days Active 1

Lot Size

Approx. Age

MLS® Number X13614444

Property Address: 631 Elias St, London, ON, N5W3N5

Average square foot calculated using Size range provided by listing agent.

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 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. (id:58753)Show Description

MLS® NumberX13614444

Laundry Level

Central VacNo

FireplaceYes

Acreage

Exterior

GarageYes

Approx. Age

BasementUnfinished, N/A

DrivewayNo Garage

Garage Spaces

HeatBaseboard heaters, Forced air, Electric, Natural gas

A/CWindow air conditioner

Extras

Price History

00/00/0000End Date

$XXX,XXXSold Price

Top Secret

00/00/0000List Date

$XXX,XXXList Price

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Home Appraisal

This property is estimated to sell between: $479,000 and $486,000.

Similar properties in this area sold on average for: $483,746

Expected to sell in 27 days. Similar properties sold in 28 days. This home has been on eXp Realty for 1 day.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Commute

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Starting Address

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