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Investment signal

$399,900

719 ELIAS STREET

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Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for London East (East G). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Look no further if you are looking to get into the rental market or add to your existing portfolio. This duplex has been extensively renovated, with new flooring, kitchen, bathrooms, painting, steel entrance doors. There have been updates to the exterior along with some windows. This is a low maintenance property and could make a great long term investment with a great return. The main level features a kitchen, dining room, Livingroom, 2 bedrooms and a 4 piece bath. The upper unit features a kitchen, dining/livingroom, 2 bedrooms and a 4 piece bath. This is a great opportunity to get into the rental market and take a step to secure your future financially. (id:65958)

Subtype: Multi-family
Structure: Duplex
Community: East G
Lot dimensions: 19.7 x 116 FT
Bedrooms: 2 above grade, 2 below grade
Parking: 2 total
Stories: 2
On market: Apr 22, 2026
Status changed: Apr 28, 2026
Annual tax: $2,431
Photos: 38
MLS#: X13029360
Area: LONDON_EAST_(EAST_G)

Features and systems

Parking

No Garage

Basement

UnfinishedPartial

Appliances

Two stovesTwo Refrigerators

Heating

Forced airNatural gas

Cooling

None

Exterior

Brick

Foundation

BlockConcreteBrick

Lot

Flat siteCarpet Free

Utilities

SewerElectricity

Positive cash flow ~$371/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

5.56%

Cap rate

5.98%

GRM

11.5

Break-even rent

$2,510

Financing

Down payment$79,980

Loan amount$319,920

Mortgage$1,621/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$183

Insurance$80

Maintenance$333

CapEx reserve$167

Vacancy loss$145

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $1,621/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 28, 2026.