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$675,000

Est. $3,162/mo mortgage

2bd·2ba·2,000-2,500sqft

463 King Street · London East, N6B 1S8

MLS® X13453650

100 days on market100 days on market

Listed Jun 16, 2026

Listing courtesy of Real Broker Ontario LTD·Updated Jun 17

Description

This detached mixed-use building offers approximately 1,200 sq. ft. of commercial office space on the main floor and a spacious 1,000 sq. ft. two-bedroom residential apartment on the second level. Thoughtfully and fully renovated with permits, the property has been restored with careful attention to preserving the character and charm of the original century building. Heritage features such as beautiful stained-glass accents and hardwood flooring have been retained and enhanced, while major building systems have been comprehensively upgraded, including plumbing, electrical, and fire separation, providing peace of mind for owners and tenants alike. This building is a turnkey opportunity for investors or owner-occupiers. The upper residential unit is currently tenanted, providing immediate rental income, while the main floor commercial space is leased until October 2026, offering future flexibility for an owner-user or new tenant. Ideally located within walking distance of public transit, restaurants, shops, and downtown amenities, the property also features ample on-site parking-a rare and highly desirable convenience in the downtown core. Whether you're looking to expand your investment portfolio, operate your business on the main floor while generating rental income from the residential unit above, or secure a well-maintained mixed-use asset with long-term upside, this property presents an exceptional opportunity.

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Property details

Interior

Interior
2000-2500 sqft
Rooms
4 rooms
Bathrooms
1 × 4-piece on Second, 1 × 4-piece on Ground
Basement
Unfinished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, 2-Storey
Age
100+ years
Lot size
44.85 × 90.35 ft
Exterior
Brick
Foundation
Brick
Roof
Asphalt Shingle
Water & sewer
Sewer

Parking

Driveway
Private Double (5 spaces)
Parking
5 spaces

Fees & taxes

Property tax
$4,200/yr (2026)

Rooms

Second

Primary Bedroom
4.14 × 3.07 m
Bedroom 2
3.65 × 3.65 m
Living Room
3.65 × 3.71 m
Kitchen
5.51 × 2.4 m

AI property estimate

$683,692About at asking price

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

$615,323$752,061

69% confidence · 40 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. $3,960/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$3,162
Property tax$407
Insurance (est.)$141
Utilities (est.)$250
Total monthly$3,960
Land transfer tax$9,975 on closing

Ontario LTT

$9,975

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 2 times

$675,000

Listed Jun 16, 2026

On the market
$675,000

Listed Jun 16, 2026

On the market

Sold comparables nearby

367 Maitland Street, London EastSold

367 Maitland Street, London East

3 bd·2 ba·2,000-2,500 sqft
479 Woodman Avenue, London EastSold

479 Woodman Avenue, London East

2 bd·1 ba·700-1,100 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in Old East Village

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 95.1% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$390,283

Sale-to-list ratio

95.1%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $165,000 household income

Minimum household income required

$165,000

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
Rental market$1,750/mo median for 2 bed nearby

$1,750/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 129 leases.

What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.

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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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