$675,000
Est. $3,162/mo mortgage
463 King Street · London East, N6B 1S8
MLS® X13453650
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
Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.
69% confidence · 40 sold homes within 2 km, by price per sq ft
Monthly paymentest. $3,960/mo all in
Monthly payment estimate
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
Listed Jun 16, 2026
Listed Jun 16, 2026
Sold comparables nearby
Sold$465,000
367 Maitland Street, London East
Sold$380,000
479 Woodman Avenue, London East
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.
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.
Similar Listings
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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