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235 Hamilton Road

London East, N5Z 1P9·MLS® X13209830·

Listing courtesy of Rock Star Real Estate INC.·Updated May 28

For sale
1 / 9
8Beds
6Baths
3,500-5,000Sqft
100+Year Built

Listing price

$789,000

Est. $3,758/mo

Days on market

17

Listed May 28, 2026

Description

Client RemarksFULLY LEASED ALMOST $2,500/Month Positive Cashflow! Legal 5-unit property offering exceptional cash flow, featuring four spacious 2-bedroom units and one large 3-bedroom unit, each with their own full bath, kitchen, and own insuite laundry. Meticulously updated and generously sized, every unit has its own hydro meter and separate entrance. Ideally located on a key arterial road just 2 km from the city's central business and administrative corridor, this property is surrounded by amenities that make it highly desirable for tenants, including public transit at the doorstep, grocery stores, restaurants, schools, and healthcare facilities within walking distance. It is also very close to the London Health Sciences Centre, Vauxhall Park, Boyle Memorial Park, and several community centres. The prime location supports its continued use as a strong multi-residential asset, offering excellent connectivity, access to essential services, and a stable urban setting conducive to long-term tenancy. Annual income of $90k + this is an outstanding investment opportunity.

Property details

Basement

Partial Basement

Type

Multiplex — 2-Storey

Heating

Forced Air

AI property estimate

$757,440Below Market
$710,100$804,780

82% confidence · 4 comparable sales analysed

Location & neighbourhood

Old East Village

London East, ON

Vibrant arts district with walkable streets and character homes.

Monthly payment estimate

Mortgage (5.24%, 25yr)$3,758
Property tax$855
Insurance (est.)$164
Utilities (est.)$250
Total monthly$5,027

Land transfer tax

Ontario LTT

$12,255

First-time rebate

$4,000

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

May 28, 2026Listed
$789,000

Sold comparables nearby

275 William Street, London EastSold

$375,000

275 William Street, London East

8 bd·2 ba·2,000-2,500 sqft
324 WOLFE Street, London EastSold

$1,595,000

324 WOLFE Street, London East

8 bd·8 ba·5000 + sqft

See all 8 comparables

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Market conditions · East L

Buyer's marketBalancedSeller's market

Avg. sold price

$682,400

+5.2%

Avg. days on market

18

−3d

Sale-to-list ratio

101.2%

+0.8%

Investment analysis

Est. monthly rent

$3,156

Rental yield

4.8%

Est. cash flow

-$1,871

Cap rate

3.3%

Best time to sell

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$188,496

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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AI estimate

$757,440

Below Market

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