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235 Hamilton Road

London East, N5Z 1P9·MLS® X13474468·

Listing courtesy of Rock Star Real Estate INC.·Updated 4 hours ago

For sale
1 / 36
8Beds
6Baths
3,500-5,000Sqft
100+Year Built

Listing price

$769,900

Est. $3,667/mo

Days on market

1

Listed Jun 22, 2026

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.

Property details

Basement

Partial Basement

Type

Multiplex — 2-Storey

Heating

Forced Air

AI property estimate

$793,767Above Market
$747,573$839,961

82% confidence · 8 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)$3,667
Property tax$834
Insurance (est.)$160
Utilities (est.)$250
Total monthly$4,911

Land transfer tax

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

Jun 22, 2026Listed
$769,900

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

$3,080

Rental yield

4.8%

Est. cash flow

-$1,831

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

$184,158

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

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AI estimate

$793,767

Above Market

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