$769,900
Est. $3,607/mo mortgage
235 Hamilton Road · London East, N5Z 1P9
MLS® X13474468
Listed Jun 22, 2026
Listing courtesy of Rock Star Real Estate INC.·Updated Jul 22
Description
FULLY 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 in-suite 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.
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Property details
Interior
- Interior
- 3500-5000 sqft
- Rooms
- 21 rooms · 5 kitchens
- Bathrooms
- 3 × 4-piece on Main, 3 × 4-piece on Second
- Basement
- Partial Basement
- Heating
- Forced Air
- Cooling
- None
Building & lot
- Type
- Multiplex, 2-Storey
- Age
- 100+ years
- Lot size
- 39.34 × 108.26 ft · < .50 acres
- Exterior
- Brick, Vinyl Siding
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Water & sewer
- Sewer
Parking
- Driveway
- None
Fees & taxes
- Property tax
- $6,012/yr (2025)
AI property estimate
Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.
62% confidence · 9 sold homes within 2 km, by price per sq ft
Location & neighbourhood
DirectionsLondon East, ON
Vibrant arts district with walkable streets and character homes.
Lester B. Pearson School for the Arts on Trafalgar Street (grades 4 to 8) is a flagship specialty school serving artistically inclined students from across the city. Woodfield French Immersion Public School on Princess Avenue offers a French Immersion option for local elementary families.
Aeolian Hall is a nationally recognized live music venue, while the Palace Theatre hosts community theatre productions and the TAP Centre for Creativity provides studio and gallery space for visual and performing artists. The East Village Market at 630 Dundas Street features local vendors, and the Saturday Western Fair Farmers and Artisans Market is a major weekend draw.
Daily life in OEV is colourful, walkable, and unpredictable in the best way. There is nearly always something on, from art crawls to block festivals to impromptu sidewalk performances. The neighbourhood's strong sense of collective identity and its ongoing revitalization attract artists, young professionals, and families who want to live somewhere genuinely distinct from the suburban mainstream.
Monthly paymentest. $4,481/mo all in
Monthly payment estimate
Land transfer tax$11,873 on closing
Ontario LTT
$11,873
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Jun 22, 2026
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold$645,000
292 Central Avenue, London East
Sold$765,000
279 Hill Street, London East
See what these 6 homes sold for
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Market conditionsBuyer's market in London East
Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 89.6% of asking.
Avg. sold price
$859,167
Sale-to-list ratio
89.6%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $187,000 household income
Minimum household income required
$187,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.
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Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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