586 Cheapside Street · London, N5Y 3X8
MLS® X13814564
Listed Sep 22, 2026
Listing courtesy of Prime Real Estate Brokerage·Listing last changed Sep 22
Key facts
- Property type
- Detached
- Square footage
- 700-1,100 sqft
- Lot size
- 33.25 × 150 ft
- Parking
- 4 spaces
- Property tax
- $4,157/yr (2025)
Description
Welcome to 586 Cheapside, a charming 1.5-storey home in the highly sought-after Old North neighbourhood. This versatile property welcomes you with a bright 3-season sunroom/mudroom. The main floor features a convenient bedroom and renovated full bathroom, while upstairs offers two additional bedrooms tucked away for privacy. The finished lower level expands your living space with a spacious rec room and a additional 4-piece bathroom. Hobbyists will love the detached 1-car garage, currently set up as a dedicated workshop with electrical sub panel. Outside, step onto the back patio and take in the impressive 150-foot deep lot. offering massive space for gardening, entertaining, or letting pets run free. Located close to schools, parks, and shopping, this turnkey 3-bedroom, 2-bathroom gem blends quiet residential living with excellent city access. Don't miss your chance at this beautiful Old North Gem!
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Property details
Interior
- Size
- 700-1,100 sqft
- Rooms
- 11 rooms
- Bathrooms
- 1 × 3-piece on Main, 1 × 4-piece on Lower
- Basement
- Partially Finished
- Heating
- Forced Air
- Cooling
- Central Air
Building & lot
- Type
- Detached, 1 1/2 Storey
- Lot size
- 33.25 × 150 ft
- Exterior
- Aluminum Siding, Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Water & sewer
- Sewer
Parking
- Garage
- 1 car Detached
- Driveway
- Available (3 spaces)
- Parking
- 4 spaces
Fees & taxes
- Property tax
- $4,157/yr (2025)
Rooms
Main
- Bedroom 2
- 2.99 × 3.81 m
- Living Room
- 3.56 × 3.04 m
- Kitchen
- 2.89 × 2.26 m
- Dining Room
- 3.56 × 2.79 m
- Sunroom
- 2.84 × 2.43 m
Second
- Primary Bedroom
- 2.35 × 2.74 m
- Bedroom 3
- 3.42 × 2.33 m
- Recreation
- 5.66 × 3.07 m
Estimated value range
$475K to $525K
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 St Michael Separate School, 370 m
Elementary
- 5.7
St Michael Separate School
370 m · Grades JK-8
London District Catholic School Board
- 8.4
Old North Public School
870 m · Grades JK-8
Thames Valley District School Board
- 3.4
Knollwood Park Public School
910 m · Grades JK-8
Thames Valley District School Board
Secondary
- 6.3
École secondaire catholique Monseigneur-Bruyère
1.3 km · Grades 9-12
Conseil scolaire de district des écolesCatholique
- 8.0
London Central Secondary School
2.0 km · Grades 9-12
Thames Valley District School Board
- 5.7
Catholic Central High School
2.1 km · Grades 9-12
London District Catholic 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. $3,042/mo all in
Monthly payment estimate
Land transfer tax$6,473 on closing
Ontario LTT
$6,473
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 22, 2026
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold223 Michaelmas Street, London East
Sold12 Clenray Place, London East
See what these 6 homes sold for
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Market conditionsBuyer’s market in London
6.1 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 96.7% of asking.
Avg. sold price
$524,167
Sale-to-list ratio
96.7%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $124,000 household income
Minimum household income required
$124,000
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$2,400/mo median for 3 bed nearby
$2,400/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 57 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.
Get notified about similar homes
New detached listings in Old North.
Colin Abbot, Broker
Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099
Not intended to solicit clients already under contract.
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