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$769,900

Est. $3,607/mo mortgage

8bd·6ba·3,500-5,000sqft

235 Hamilton Road · London East, N5Z 1P9

MLS® X13474468

94 days on market94 days on market

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

$923,029Estimate is ~19.9% above asking

Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.

$830,726$1,015,332

62% confidence · 9 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Old East Village

London East, ON

Vibrant arts district with walkable streets and character homes.

Monthly paymentest. $4,481/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$3,607
Property tax$464
Insurance (est.)$160
Utilities (est.)$250
Total monthly$4,481
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

$769,900

Listed Jun 22, 2026

On the market

Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.

Sold comparables nearby

292 Central Avenue, London EastSold

292 Central Avenue, London East

7 bd·4 ba·3,500-5,000 sqft
279 Hill Street, London EastSold

279 Hill Street, London East

7 bd·5 ba·3,000-3,500 sqft

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.

Buyer's marketBalancedSeller's market

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.

Not sure about financing? Ask Colin

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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