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$589,000

Estimated value $560K to $618K

Est. $2,759/mo mortgage

3bd·2ba·1,500-2,000sqft

361 Cheapside Street · London, N5Y 3W8

MLS® X14101544

4 days on market4 days on market

Listed Oct 21, 2026

Listing courtesy of Sutton Group - Select Realty INC.·Listing last changed 3 days ago

Key facts

Property type
Detached
Square footage
1,500-2,000 sqft
Lot size
46 × 133 ft
Age
51-99 years
Parking
5 spaces
Property tax
$4,594/yr (2026)

Description

Charming England Inspired Home With Great Curb Appeal 2+1 bedroom 2 storey conveniently located near Western University, two hospitals, schools, church and shopping. The main floor features an updated kitchen (2021), substantial dining room and an oversized living room with natural trim and fireside bookcases. A large additional space with adjacent powder room offers flexibility as a den, office or bedroom. A covered rear porch overlooks a flagstone patio and generous landscaped garden with pond. Additional highlights include heat pump (2025) and a high dry basement. Furnace(2019), shingles (2020), bath (2014). Note: there is some knob and tube in this home. This is a special home offering character, versatility, and convenience.

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Property details

Interior

Size
1,500-2,000 sqft
Rooms
7 rooms
Bathrooms
1 × 2-piece on Main, 1 × 4-piece on Second
Basement
Unfinished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, 2-Storey
Age
51-99 years
Lot size
46 × 133 ft
Exterior
Brick
Foundation
Block
Roof
Asphalt Shingle
Water & sewer
Sewer

Parking

Garage
1 car Detached
Driveway
Private (4 spaces)
Parking
5 spaces

Fees & taxes

Property tax
$4,594/yr (2026)

Estimated value range

$560K to $618K

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.

Location & neighbourhood

Directions
Old North →

London East, ON

Tree-lined streets, heritage homes, walkable to Richmond Row.

Schools nearbyclosest is St Michael Separate School, 260 m

Elementary

  • St Michael Separate School

    260 m · Grades JK-8

    London District Catholic School Board

    5.7
  • Old North Public School

    330 m · Grades JK-8

    Thames Valley District School Board

    8.4
  • St Georges Public School

    610 m · Grades JK-8

    Thames Valley District School Board

    8.0

Secondary

  • London Central Secondary School

    1.7 km · Grades 9-12

    Thames Valley District School Board

    8.0
  • École secondaire catholique Monseigneur-Bruyère

    1.8 km · Grades 9-12

    Conseil scolaire de district des écolesCatholique

    6.3
  • Catholic Central High School

    1.9 km · Grades 9-12

    London District Catholic School Board

    5.7

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. $3,515/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,759
Property tax$383
Insurance (est.)$123
Utilities (est.)$250
Total monthly$3,515
Land transfer tax$8,255 on closing

Ontario LTT

$8,255

First-time rebate

−$4,000

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

$589,000

Listed Oct 21, 2026

On the market

Sold comparables nearby

53 Victoria Street, London EastSold

53 Victoria Street, London East

4 bd·2 ba·1,500-2,000 sqft
7 Chalmers Street, London EastSold

7 Chalmers Street, London East

4 bd·3 ba·2,000-2,500 sqft

See what these 6 homes sold for

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Market conditionsBuyer’s market in London

7 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 93.3% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$602,500

Sale-to-list ratio

93.3%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $145,000 household income

Minimum household income required

$145,000

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? Ask Colin →
Rental market$2,300/mo median for 3 bed nearby

$2,300/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 51 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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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

No obligation. Pick a time that suits you.

(226) 212-5099 · colin@searchlondonhomes.com

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