$389,900
Est. $1,827/mo mortgage
687 Cheapside Street · London East, N5Y 3Y3
MLS® X13783866
Listed Sep 15, 2026
Listing courtesy of Nu-vista Pinnacle Realty Brokerage INC·Updated 2 hours ago
Description
Opportunity knocks with this versatile bungalow offering two self-contained units perfect for investors, multi-generational families, or those looking to offset their mortgage. Ideally located just 7 minutes to both Western University and Fanshawe College, this home is a prime choice for students, faculty, or anyone working or studying at either institution. With such a central location, rental demand is strong and steady. The main floor unit features a bright and spacious layout with 2 bedrooms, a full kitchen, and a comfortable living area ideal for owner-occupants or tenants alike. The fully finished lower level has a separate entrance, its own hydro meter, and a thoughtfully designed 1-bedroom in-law suite.This property is truly set up for separate living arrangements, rental income, or future flexibility. Whether you're looking to live in one unit and rent the other, or add to your portfolio with a turn-key duplex-style setup, this home offers outstanding value, location, and opportunity.
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Property details
Interior
- Interior
- 700-1100 sqft
- Rooms
- 11 rooms
- Bathrooms
- 2 × 3-piece
- Basement
- Apartment, Finished
- Heating
- Forced Air
- Cooling
- Central Air
Building & lot
- Type
- Detached, Bungalow
- Lot size
- 116.29 × 53.96 ft
- Exterior
- Vinyl Siding
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Water & sewer
- Sewer
Parking
- Parking
- 6 spaces
Fees & taxes
- Property tax
- $3,587/yr (2025)
Rooms
Main
- Bathroom, 4 Pc Bath
- 2.5146 × 1.9304 m
- Kitchen
- 3.556 × 3.429 m
- Dining Room
- 2.5908 × 3.556 m
- Bedroom
- 3.048 × 3.3528 m
- Living Room
- 6.4008 × 3.3528 m
- Bedroom
- 3.022 × 2.8448 m
Lower
- Living Room
- 10.0584 × 3.0988 m
- Kitchen
- 3.7846 × 3.302 m
- Bathroom, 4 Pc Bath
- 3.1496 × 2.159 m
- Bedroom
- 2.794 × 3.2766 m
AI property estimate
Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.
74% confidence · 40 sold homes within 2 km, by price per sq ft
Location & neighbourhood
London East, ON
Large northeast area with schools, parks, and diverse housing near Fanshawe College.
Monthly paymentest. $2,393/mo all in
Monthly payment estimate
Land transfer tax$4,324 on closing
Ontario LTT
$4,324
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 · asking price down 29% from the first ask
Listed Sep 15, 2026
Listed Jan 6, 2026 · 234 days on market
Aug 28, 2026
Listed Aug 18, 2025 · 141 days on market
Jan 6, 2026
375 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$595,000
681 Brant Street, London East
Sold$426,000
38 Bellwood Crescent, London East
See what these 6 homes sold for
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Market conditionsArgyle · last 90 days
Avg. sold price
$483,000
Sale-to-list ratio
96.1%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $98,000 household income
Minimum household income required
$98,000
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 →Similar Listings
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
519-859-4579 · colin@searchlondonhomes.com
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