650 Cheapside Street #303
London East, N5Y 5J8·MLS® X13499792·
Listing courtesy of Maverick Real Estate INC.·Updated 4 hours ago
Listing price
$234,900
Est. $1,119/mo
Days on market
Listed Jun 29, 2026
Description
Welcome to effortless condo living! This bright and well-maintained third-floor, 2-bedroom apartment-style condominium offers approximately 900 sq. ft. of comfortable, affordable living in an unbeatable location. The spacious living room flows into a dedicated dining area, while the versatile nook provides the perfect space for a home office or study. The updated galley kitchen comes complete with a fridge, stove, microwave, and a brand-new dishwasher (June 2026). Both bedrooms are generously sized with large windows and ample closet space, while the updated bathroom features a modern vanity and a walk-in shower. You'll also appreciate the convenience of in-suite stackable laundry, a large utility/storage closet, and plenty of visitor and resident parking. Condo fees include water, there is no gas bill, property taxes are approximately $1,600 annually, and hydro has averaged just $73 per month (utility bills available), making this an incredibly cost-effective place to call home. Ideally located within walking distance to Metro, shopping, restaurants, transit, and countless everyday amenities, this is an outstanding opportunity for first-time buyers, downsizers, or investors alike
Property details
Basement
None
Parking
2 spaces
Type
Condo Apartment — Apartment
Heating
Baseboard
AI property estimate
82% confidence · 8 comparable sales analysed
Location & neighbourhood
London East, ON
Large northeast area with schools, parks, and diverse housing near Fanshawe College.
Monthly payment estimate
Land transfer tax
Ontario LTT
$2,074
First-time rebate
−$2,074
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Sold comparables nearby
Sold$335,000
707 - 695 RICHMOND Street, London East
Sold$265,000
603 - 570 William Street, London East
See all 10 comparables
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Market conditions · East C
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
$940
Rental yield
4.8%
Est. cash flow
-$732
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$62,709
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$230,437
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