474 Cheapside Street
London East, N5Y 3X3·MLS® X13642796
Listing courtesy of Re/max A-b Realty LTD Brokerage·Updated 2 hours ago
Listing price
$659,900
Est. $3,143/mo
Days on market
Listed Aug 6, 2026
Description
CHARM, CHARACTER & INCOME POTENTIAL! This beautifully maintained Old North bungalow offers the perfect blend of timeless Craftsman character and modern functionality. Original architectural details, including elegant millwork, decorative pillars separating the living and dining rooms, an original French door, and mosaic tile, preserve the home's historic appeal.Now registered and licensed as a legal duplex, this R1-4 zoned property features two self-contained units with separate hydro services, making it an exceptional opportunity for investors or owner-occupants looking to offset their mortgage with rental income. Extensive renovations completed in 2023 include the creation of a fully legal lower suite, updated mechanical systems, separate heating and cooling, ERV systems, and numerous capital improvements throughout.Located in the highly desirable Old North neighbourhood, the property is just minutes from Western University, St. Joseph's Hospital, downtown London, parks, schools, shopping, and transit. Whether you're looking for a turnkey income property, a mortgage helper, or a multi-generational living opportunity, this property offers outstanding flexibility in one of London's most sought-after communities.
Property details
Basement
Apartment, Separate Entrance, Finished
Parking
4 spaces
Type
Duplex — Bungalow
Heating
Baseboard
Property tax
$4,991/yr (2026)
Location & neighbourhood
London East, ON
Heritage neighbourhood with Victorian-era homes on tree-canopied streets near downtown.
Monthly payment estimate
Land transfer tax
Ontario LTT
$9,673
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 3 times over 2 months · asking price up 2% from the first ask · sold 5% below the final ask
Listed Aug 6, 2026
Listed May 1, 2023 · 11 days on market
May 12, 2023
Listed Mar 2, 2023 · 59 days on market
Apr 30, 2023
70 days on the market in total across 3 listings. Each listing carries its own MLS® number, so the days-on-market shown on any single one resets.
Sold comparables nearby
Sold$329,000
379 Central Avenue, London East
Sold$498,500
636 Queens Avenue, London East
See all 6 sold comparables
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Market conditions · Argyle
Avg. sold price
$409,750
Sale-to-list ratio
103%
Based on 6 recent comparable sales near this home.
Affordability
Minimum household income required
$159,181
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
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Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbott
Broker
519-859-4579 · colin@searchlondonhomes.com
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