431 South Street

East K, London, N6B 1C1
FOR SALE
$549,000
431 South Street, London
431 South Street
431 South Street
431 South Street
431 South Street
431 South Street
431 South Street
431 South Street
431 South Street
431 South Street
431 South Street
431 South Street
431 South Street
431 South Street
431 South Street
431 South Street
431 South Street
431 South Street
431 South Street
431 South Street
Browsing Limit Reached
Please Register for Unlimited Access
4
BEDROOMS
2
BATHROOMS
2
KITCHENS
10
ROOMS
X13695900
MLSID
Contact Us
Property Description
Excellent opportunity for investors seeking a fully rented, income-producing property in an established London location. This well-positioned property offers two separate living spaces with a total of 4 bedrooms, 2 kitchens and 2 bathrooms, providing a practical configuration for rental income and long-term investment. Each unit benefits from its own kitchen and living space, while the property offers 4 private parking spaces and a substantial 36' x 197' lot. The property combines the character of an established neighbourhood with important modern conveniences including gas forced-air heating, central air and main-floor laundry. Conveniently located near public transit, parks, schools and everyday amenities. An attractive opportunity for investors looking for an established, fully tenanted property with a straightforward income-producing configuration. Please allow at least 24 hour's notice for all showing requests.
Property Features
Fenced Yard, Park, Place Of Worship, Public Transit, School, Primary Bedroom - Main Floor, Separate Hydro Meter, Sump Pump, Water Heater Owned, Water Meter, Private, Carbon Monoxide Detectors, Smoke Detector, None
Property Details
Address
431 South Street
Community
City
Postal Code
N6B 1C1
Property Type
Duplex, Duplex
Zoning
R3-1
Lot Size
36' x 197'
Taxes
$3,370 (2025
Basement
Unfinished
Exterior
Deck, Porch, Year Round Living
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
None
Listing contracted with Sutton Group - Select Realty
Similar Listings
281 Hill Street, London
4
BEDS
2
BATHS
$499,900
FOR SALE
Fantastic Duplex - Development Opportunity! Core Area classic yellow brick 2 storey Building. Featuring 2 x 2 bedroom apartments. Trendy units, lots of character, good layouts, lots of parking, tenant pays hydro, water, all on separate meters. Single car detached garage detached in the rear (Rent it for extra income). R-3 Zoning allowing for upto a 4 plex. Ideal to add an addition and bring this up to a 10% CAP - Located steps from BRT corridor with easy access to downtown. Call today for more details. Don't miss out!
439 South Street, London
5
BEDS
2
BATHS
$549,000
FOR SALE
Turnkey investment opportunity in a convenient central London location. This fully rented home offers an excellent addition to an income property portfolio, featuring 4 bedrooms, 2 kitchens and 2 bathrooms across two separate living spaces. The property sits on a generous 44.5' x 197' lot and includes 2 private parking spaces, providing valuable outdoor space and practical convenience for tenants. Additional features include gas forced-air heating, central air, municipal services and separate hydro metering. Ideally situated close to downtown, public transit, parks, schools and a wide range of everyday amenities. With an established rental configuration and a desirable central location, 439 South St. offers investors an opportunity to acquire a well-positioned income property with long-term rental potential. Please allow at least 24 hour's notice for all showing requests.
626 Lorne Avenue, London
4
BEDS
2
BATHS
$484,999
FOR SALE
Visit the REALTOR website for further information about this listing. Exceptional opportunity for homeowners, investors, and business owners alike. This charming Victorian legal duplex combines character, flexibility, and income potential in the heart of Old East Village. Featuring classic period architecture, generous room sizes, and the timeless appeal of a heritage-era home, this property offers a unique alternative to newer construction. The duplex offers a vacant 3-bedroom main-floor unit available for possession August 1st, plus an upper 1-bedroom apartment providing immediate rental income. Situated on a 40-foot lot, the property features parking for up to 4 vehicles and a large private fenced backyard, providing ample outdoor space. The main-floor unit offers three bedrooms, a spacious living area, kitchen, 4-piece bathroom, and private laundry. The upper apartment features 1 bedroom, living room, kitchen, 4-piece bathroom, and its own laundry facilities. Current upper-unit tenancy (4 months into a one-year lease) provides stable income while the vacant main-floor unit offers flexibility for owner occupancy or market-rent potential. Separate laundry for each unit adds convenience and tenant appeal. The property has benefited from professional insulation upgrades, including the attic, both crawl spaces, and spray-foam insulation in the basement rim joist cavities, improving energy efficiency and year-round comfort. Located in London's vibrant Old East Village, close to downtown, Western Fair District, schools, parks, public transit, shopping, restaurants, and everyday amenities. Low property taxes further enhance the property's investment appeal. A versatile property offering character, income today, and flexibility for the future.
553 Quebec Street, London
4
BEDS
2
BATHS
$458,000
FOR SALE
Amazing Investment Opportunity Located in the heart of London! This turn-key, low-maintenance **legal duplex** in Old East Village will be an amazing addition to your portfolio. Close to downtown, Western Fair Farmer's Market, and all amenities, including convenient bus routes to both Fanshawe College and Western University. Perfect for anyone looking for a spacious, cash-flowing investment or a mortgage helper to ease your payments.This building features **2 spacious legal dwelling units** and an extensive list of recent updates, including Three Hydro Meters and updated Electrical Panels (2022), Roof (2014), Siding/Eavestrough/Soffits/Fascia (2021), Updated Plumbing (2021), Furnace (2019), and Fence (2020-2021).In addition, there is coin-operated shared laundry, plenty of parking, separate entrances for both units, and a full unfinished basement offering ample storage and workshop space.Fully rented to high-quality A+ tenants, generating a total of **$3,300/month in rental income** - $1,650 for Unit 1 and $1,650 for Unit 2. A fantastic opportunity to own a well-maintained, income-generating property with **2 legal dwellings** in a desirable and convenient London location.
307 Grey Street, London
5
BEDS
2
BATHS
$450,000
FOR SALE
Live, invest, and grow your equity all under one roof! The sellers extensively upgraded and renovated this property. This versatile duplex presents an outstanding opportunity for homeowners, investors, and those looking to build long-term wealth through real estate. Live in one unit while generating rental income from the other to help offset your mortgage or maximize cash flow by renting out both units. The main floor features 2 bedrooms, a spacious living area, and a functional kitchen, while the upper unit has been recently renovated with 3 bedrooms, a kitchen, a bathroom, fresh paint, new flooring, and updated bathroom and kitchen range hood vents, offering a modern and comfortable living space. Both units share a convenient common laundry room. This property provides excellent flexibility for a variety of investment strategies, including owner-occupancy with supplemental income, multi-generational living, or a fully tenanted investment property. The large lot offers ample parking, a highly sought-after feature for tenants and visitors. Adding to its appeal is the potential for future multiplex development (buyer to complete their own due diligence regarding zoning and development possibilities), making this not only an income-producing asset today but also a property with exciting long-term upside potential. Situated conveniently close to shopping, restaurants, parks, schools, public transit, and major highways, with Western University just approximately 10 minutes away, this location offers strong rental appeal and convenient access to everyday amenities. Whether you're looking to generate immediate rental income, offset homeownership costs, expand your real estate portfolio, or explore future redevelopment opportunities, this property delivers exceptional value and versatility.
60 Beattie Avenue, London
3+2
BEDS
2
BATHS
$499,900
FOR SALE
Welcome to 60 Beattie Avenue, a fully licensed duplex with the City of London, located in the Hale District, one of East London's cutest neighbourhoods. Built in 1914, this charming century home offers five bedrooms across two units, with opportunities for rental income, multigenerational living, or a home with a mortgage helper. Character details, thoughtful updates, and bright, inviting spaces make this property feel like home. The main residence features two bedrooms on the main floor and a spacious loft bedroom on the second level, complete with a walk-in closet. Tall ceilings and large windows give the living room an airy feel, while original trim, hardwood floors, and doors showcase the home's history. A formal dining room provides space to gather, and the kitchen has been refreshed with painted cabinetry and new vinyl flooring. The spacious main floor bathroom offers a separate shower and an oversized bathtub, perfect for unwinding at the end of the day. The separate basement unit offers two bedrooms, with shared laundry accessible to both units. Outside, enjoy a welcoming front porch and a fully fenced backyard with a deck for relaxing or entertaining. A shared laneway leads to approximately 2.5 parking spaces at the rear of the property. With Kiwanis Park, East Lions Community Centre, and transit nearby, this charming duplex brings together character, convenience, and flexibility in an established East London neighbourhood.
163 Atkinson Boulevard, London
3+2
BEDS
2
BATHS
$499,900
FOR SALE
A fantastic investment or family home featuring a rare legal two-bedroom basement apartment with its own ensuite laundry an excellent opportunity for rental income. The main floor offers three spacious bedrooms, a beautifully renovated bathroom, and an updated kitchen complete with a new backsplash, breakfast bar, and stainless steel appliances. Freshly painted throughout, the main level features carpet-free flooring for a clean, modern look. Step outside to enjoy a large, deep backyard, perfect for entertaining, gardening, or family activities. A double-wide driveway provides ample parking for multiple vehicles. Ideally located close to schools, colleges, parks, public transit, Highway 401, shopping, and other everyday amenities, this home offers both convenience and value.
988 Prosperity Court, London
3+2
BEDS
3
BATHS
$549,000
FOR SALE
Investors & First-Time Buyers - Don't Miss This Turnkey Opportunity Near Fanshawe College! 988 Prosperity Court, London | Around $4000 Monthly Income Potential | Fully Finished Basement with In-Law Suite. This versatile and income-generating 3+2 bedroom, 3-bathroom home located just steps from Fanshawe College. Whether you're an investor looking for solid monthly cash flow or a homeowner seeking a mortgage-helper potential, this home checks every box. Currently generating near $4000/month plus utilities, this property boasts a separate side entrance to a fully finished lower-level in-law suite, ideal for students, renters, or extended family. The basement features 2 bedrooms, a 3-piece bathroom, a roughed-in kitchenette, its own laundry, and private living space-perfect for maximizing rental income. The main floor offers an oversized living room with bay window, a 2-piece powder room, and a spacious kitchen with in-suite laundry. Patio doors lead to an impressive backyard-one of the largest in the area-complete with two storage sheds and plenty of outdoor space for tenants or future upgrades. Upstairs, you'll find a large primary bedroom with walk-in closet, two additional generously sized bedrooms, and a full 4-piece bathroom. Recent updates include: Brand new gas furnace (May 2025), New flooring throughout, Updated light & bathroom fixtures, Newer washer and dryer. Located on a quiet cul-de-sac just minutes from public transit, shopping, and Fanshawe College, this property offers a prime location and strong investment fundamentals. Don't Miss it! **INTERBOARD LISTING: CORNERSTONE ASSOCIATION OF REALTORS**
631 Elias Street, London
3
BEDS
2
BATHS
$464,000
FOR SALE
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.
144 Adelaide Street, London
3
BEDS
2
BATHS
$419,900
FOR SALE
Welcome to 144 Adelaide St, London, a versatile duplex offering strong investment potential with both residential and possible business use. Registered with the city as a duplex, this property is ideally located close to downtown, major amenities, transit, and key attractions, making it attractive for tenants and long term growth. The home features two self contained units, both currently rented, generating a combined monthly income of $2,600 and providing immediate cash flow, with the property offering positive cash flow after expenses. The property has seen numerous updates over recent years as per previous ownership, including improvements to major systems, exterior finishes, and interior spaces, contributing to its overall functionality and appeal. Whether you are looking to expand your investment portfolio, secure a property that carries itself, or explore a mixed use opportunity, 144 Adelaide St presents excellent value in a high demand location.
12 Orchard Street, London
3
BEDS
3
BATHS
$499,900
FOR SALE
Conveniently located just steps from Old South, this Licensed two-unit property offers an excellent opportunity for investors or owner-occupiersalike. The spacious main floor unit features two bedrooms, updated flooring throughout, a large kitchen, a generous 4-piece bathroom, and abright living room with bay window. The dining room, which can also serve as a second bedroom, provides access to the large backyard anddeck-perfect for relaxing or entertaining. The upper-level apartment offers one bedroom, a 4-piece bathroom, and an open-concept living areaadjoining the kitchen. A separate entrance to the basement provides access to shared laundry facilities serving both units. Outside, enjoy adetached garage, ample parking, and a spacious yard rare for this sought-after neighbourhood. Located close to parks, schools, public transit, downtown, and all that Old South has to offer, this income property combines location, flexibility, and investment potential.
DIALOG CONTENT
Would you like to receive Similar Listing Alerts as soon as they are uploaded to MLS®?
How would you rate our website?
★
★
★
★
★
Would you like to rate us on Google?
Yes
463528225