463 King Street
London East, N6B 1S8·MLS® X13453650·
Listing courtesy of Real Broker Ontario LTD·Updated yesterday
Listing price
$675,000
Est. $3,215/mo
Days on market
Listed Jun 16, 2026
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.
Property details
Basement
Unfinished
Parking
5 spaces
Type
Detached — 2-Storey
Heating
Forced Air
AI property estimate
82% confidence · 4 comparable sales analysed
Location & neighbourhood
Monthly payment estimate
Land transfer tax
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
Sold comparables nearby
Sold$304,000
706 Nelson Street, London East
Sold$437,000
672 Elias Street, London East
See all 10 comparables
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Market conditions · East K
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
$2,700
Rental yield
4.8%
Est. cash flow
-$1,637
Cap rate
3.2%
Best time to sell
Affordability
Minimum household income required
$162,641
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$675,000
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