687 Cheapside Street · London, N5Y 3Y3
MLS® X13783866
Listed Sep 15, 2026
Listing courtesy of Nu-vista Pinnacle Realty Brokerage INC·Listing last changed Sep 15
Key facts
- Property type
- Detached
- Square footage
- 700-1,100 sqft
- Lot size
- 116.29 × 53.96 ft
- Parking
- 6 spaces
- Property tax
- $3,587/yr (2025)
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
- Size
- 700-1,100 sqft
- Bedrooms
- 2 above grade, 1 lower level
- 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
Estimated value range
$370K to $409K
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Schools nearbyclosest is Knollwood Park Public School, 420 m
Elementary
- 3.4
Knollwood Park Public School
420 m · Grades JK-8
Thames Valley District School Board
- 5.7
St Michael Separate School
850 m · Grades JK-8
London District Catholic School Board
École élémentaire catholique Monseigneur-Bruyère
930 m · Grades 7-8
Secondary
- 6.3
École secondaire catholique Monseigneur-Bruyère
960 m · Grades 9-12
Conseil scolaire de district des écolesCatholique
- 3.3
John Paul II Catholic Secondary School
2.2 km · Grades 9-12
London District Catholic School Board
- 8.0
London Central Secondary School
2.2 km · Grades 9-12
Thames Valley District School Board
Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.
Monthly paymentest. $2,457/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 Sep 15, 2026
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold820 Maitland Street, London East
Sold945 Colborne Street, London East
See what these 6 homes sold for
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Market conditionsBuyer’s market in London
6.2 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 97.4% of asking.
Avg. sold price
$468,167
Sale-to-list ratio
97.4%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $99,000 household income
Minimum household income required
$99,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization, this home's listed property tax and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Call Colin at (226) 212-5099 or text
Rental market$1,850/mo median for 2 bed nearby
$1,850/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 53 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.
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Colin Abbot, Broker
Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099
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