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463 King Street

London East, N6B 1S8·MLS® X13453650·

Listing courtesy of Real Broker Ontario LTD·Updated yesterday

For sale
1 / 33
2Beds
2Baths
2,000-2,500Sqft
100+Year Built

Listing price

$675,000

Est. $3,215/mo

Days on market

4

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

$675,000At Market
$634,500$715,500

82% confidence · 4 comparable sales analysed

Location & neighbourhood

Old East Village

London East, ON

Vibrant arts district with walkable streets and character homes.

Monthly payment estimate

Mortgage (5.24%, 25yr)$3,215
Property tax$731
Insurance (est.)$141
Utilities (est.)$250
Total monthly$4,337

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

Jun 16, 2026Listed
$675,000

Sold comparables nearby

706 Nelson Street, London EastSold

$304,000

706 Nelson Street, London East

2 bd·1 ba·1,100-1,500 sqft
672 Elias Street, London EastSold

$437,000

672 Elias Street, London East

3 bd·1 ba·1,100-1,500 sqft

See all 10 comparables

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Market conditions · East K

Buyer's marketBalancedSeller's market

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

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$162,641

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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AI estimate

$675,000

At Market

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