235 Hamilton Road, London East, ON N5Z 1P9
- Property tax
- $6,012 / year
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.
- MLS number
- X13474468
- Type
- Multiplex
- Status
- Active
- Bedrooms
- 11
- Bathrooms
- 6
- Postal code
- N5Z 1P9
- Photos
- 36
- Laundry
- Main Level level
This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Multiplex
- Style
- 2-Storey
- Class
- Residential Freehold
- Age
- 100+
- Fronting on
- South
- Community
- East L
- Municipality
- London East
- Cross street
- Adelaide Street N/Hamilton Rd
- Zoning
- BDC(35) H13
Inside
- Bedrooms
- 11
- Bedrooms above grade
- 8
- Bathrooms
- 6
- Washrooms
- 3 on the main floor · 3 on the second floor
- Kitchens
- 5
- Rooms above grade
- 21
- Basement
- Partial Basement
- Laundry
- Main Level
- Size
- 3500-5000
Building
- Construction
- Brick, Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Unknown
Parking
- Covered spaces
- 0
- Driveway spaces
- 0
- Total parking
- 0
- Features
- None
Land
- Lot
- 39.34 × 108.26 feet
- Shape
- Rectangular
- Pool
- None
Heating, cooling and services
- Heating
- Forced Air
- Heat source
- Gas
- Cooling
- None
- Water
- Municipal
- Sewer
- Sewer
Features
- Interior
- Other
Listing
- MLS number
- X13474468
- Status
- New
- Previous status
- Draft
- Listed on
- 2026-06-22
- Expires
- 2026-12-31
- Taxes
- $6,012 (2025)
- Board
- Toronto Regional Real Estate Board
Listing history
This address has been listed 4 times.
Where this property is
Where this address sits, matched against open government data.
Matched to a published address point for this address.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| Aberdeen Public School Thames Valley DSB | Elementary | 219 m | / 10 50% met the standard |
| St Mary School London District Catholic School Board | Elementary | 722 m | / 10 93% met the standard · 3 of 6 measures |
| St. John French Immersion School London District Catholic School Board | Elementary | 622 m | / 10 86% met the standard |
| B Davison Secondary School Secondary School Thames Valley DSB | Secondary | 742 m | Not reported |
| H B Beal Secondary School Thames Valley DSB | Secondary | 876 m | / 10 68% met the standard · 2 of 6 measures |
| Lester B Pearson School for the Arts Thames Valley DSB | Elementary | 826 m | / 10 93% met the standard · 3 of 6 measures |
How the rating is calculated
EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.
Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.
What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.
Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.
H-Value
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 383 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35390114 — the few blocks around this address, home to 383 people. It describes the area, not this property.
Percentages are of the 195 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.