631 Elias St is a 3-bedroom, 2-bathroom duplex in London, listed for $464,000. It has 1500-2000 sq ft of living space.
1Turnkey Investment Opportunity in Old East Village!
2No vacancy, no renovation, no delay.
3Ideally 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.
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.
3 bedrooms, 2 bathrooms, about 1,500 sq ft, works out to roughly $309 per square foot. Chat with Zara if you'd like a deeper read on whether this duplex fits your budget and timing.
Inside 631 Elias St
Every detail from the listing, in one place.
Type
Duplex
Style
1 1/2 Storey
Living space
1500-2000 sq ftas stated on the listing
Parking
5 spaces
Basement
Unfinished
Features & systems
Parking & garage
Parking spaces
5
Interior
Basement
Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 1/2 Storey
Property class
Duplex
631 Elias St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,279
/mo
based on the purchase price of $464,000
$92,800 cash
$371,200 financed
$312,648 total interest
Principal54%$371,200
Interest46%$312,648
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Similar homes for sale nearby in London
Other 2–4 bed homes for sale in London around $464K.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.1%On average, homes sold below asking.
Active listings2,412Homes for sale here right now.
Median vs prior 90 days−2.2%Compared with May 14 – Aug 12, 2026: prices down.
Based on 1,724 sales from Aug 12 – Nov 10, 2026 (1,546 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 631 Elias St
How much is 631 Elias St listed for?
631 Elias St is listed at $464,000 (MLS® X13614444). Summitly updates the price as soon as the MLS® record changes.
Is $464,000 a good price for 631 Elias St?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in London. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 631 Elias St changed?
Yes — it was first listed at $479,999 and is now $464,000, a drop of $15,999 (3.3%).
How many bedrooms and bathrooms does 631 Elias St have?
631 Elias St has 3 bedrooms and 2 bathrooms, with about 1,500–2,000 square feet of living space. It is a duplex in London.
How much would the monthly mortgage be on 631 Elias St?
About $2,279 a month — principal and interest on $464,000 with 20% down ($92,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 631 Elias St compare with other homes in London?
Its asking price of $464,000 is about 16% below the median sold price in London over the last 90 days, $555,500, across 1,724 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 631 Elias St been sold before?
Summitly has no earlier MLS® sale or lease of 631 Elias St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 631 Elias St?
631 Elias St is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 631 Elias St been on the market?
105 days — 631 Elias St was listed on July 28, 2026.
What is the price per square foot of 631 Elias St?
About $232 to $309 per square foot: the asking price of $464,000 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 631 Elias St have parking or a garage?
Yes — the listing gives 5 parking spaces.
Does 631 Elias St have a basement, and is it finished?
The listing describes the basement as: Unfinished.
