562 Piccadilly Street · London, N5Y 3G8
MLS® X14131032
Listing courtesy of Century 21 First Canadian Corp·Listing last changed 3 hours ago
Key facts
- Property type
- Duplex
- Square footage
- 2,000-2,500 sqft
- Lot size
- 45.33 × 100 ft
- Parking
- 4 spaces
- Property tax
- $3,252/yr (2025)
Description
Discover the perfect blend of timeless character, modern updates, and incredible versatility in this beautifully maintained separately metered duplex, ideally located in downtown London, close to amenities, schools, public transit, and more. Showcasing the charm and architectural beauty of a century home, this property offers exceptional space, ample parking, and a private lot perfect for unwinding after a long day.The main-floor unit will be vacant at the end of November, presenting an excellent opportunity for owner-occupiers looking to live in one unit while generating rental income from the other. This spacious unit features three bedrooms, including a primary bedroom with a large walk-in closet, high ceilings throughout, a formal living room and dining room, newer flooring, and a renovated kitchen.The upper unit is full of character, with charming slanted ceilings, an abundance of natural light from large windows and skylights, and a thoughtfully renovated kitchen. Offering two bedrooms, a full four-piece bathroom, a generous living area, and a bonus space ideal for a home office, this unit is both functional and inviting. A+ tenants are currently paying $1,200 per month plus hydro, providing an attractive income stream for the next owner. Additional features include on-site laundry with separate access for each unit, a large basement with additional living space, a two-piece bathroom, and an expansive storage area that has been waterproofed. Parking is another standout feature, with three spaces allocated to the main unit and one for the upper unit.With key renovations completed where they matter most, this property offers a rare opportunity to own a character-filled century home that stands apart from others in the area. Whether you're looking to owner-occupy, invest, or add a versatile property to your portfolio, this downtown duplex is full of potential and ready to impress!
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Property details
Interior
- Size
- 2,000-2,500 sqft
- Bedrooms
- 3 above grade, 2 lower level
- Rooms
- 7 rooms
- Bathrooms
- 1 × 4-piece on Main, 1 × 2-piece on Lower, 1 × 4-piece on Upper
- Basement
- Full, Partially Finished
- Heating
- Forced Air
- Cooling
- Central Air
Building & lot
- Type
- Duplex, 2-Storey
- Lot size
- 45.33 × 100 ft
- Exterior
- Brick, Metal/Steel Siding
- Foundation
- Concrete, Brick
- Roof
- Asphalt Shingle
- Water & sewer
- Sewer
Parking
- Driveway
- Private (4 spaces)
- Parking
- 4 spaces
Fees & taxes
- Property tax
- $3,252/yr (2025)
Rooms
Main
- Bedroom 3
- 2.56 × 3.05 m
- Bedroom 2
- 3.51 × 2.93 m
- Primary Bedroom, Walk-In Closet(s)
- 2.74 × 3.75 m
- Dining Room
- 3.16 × 4.45 m
- Kitchen
- 5.18 × 3.29 m
Second
- Bedroom
- 2.87 × 3.51 m
- Office
- 1.14 × 2.9 m
- Kitchen
- 2.93 × 7.29 m
- Bedroom
- 3.35 × 3.56 m
- Living Room
- 7.01 × 3.66 m
Estimated value range
$550K to $608K
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 Georges Public School, 780 m
Elementary
- 8.0
St Georges Public School
780 m · Grades JK-8
Thames Valley District School Board
- 5.7
St Michael Separate School
780 m · Grades JK-8
London District Catholic School Board
- 7.8
Woodfield French Immersion Public School
780 m · Grades JK-8
Thames Valley District School Board
Secondary
- 8.0
London Central Secondary School
1.2 km · Grades 9-12
Thames Valley District School Board
- 5.7
Catholic Central High School
1.3 km · Grades 9-12
London District Catholic School Board
- 5.3
H B Beal Secondary School
1.3 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. $3,354/mo all in
Monthly payment estimate
Land transfer tax$8,055 on closing
Ontario LTT
$8,055
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 2 times
Listed yesterday
Listed yesterday
Sold comparables nearby
Sold1 & 2 - 737 William Street, London East
Sold98 Cartwright Street, London East
See what these 6 homes sold for
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Market conditionsBuyer’s market in London
6.4 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 93.6% of asking.
Avg. sold price
$462,400
Sale-to-list ratio
93.6%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $138,000 household income
Minimum household income required
$138,000
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$2,250/mo median for 3 bed nearby
$2,250/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 59 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 duplex listings in Downtown London.
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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