$ 659,900

474 Cheapside Street, London East

CHARM, CHARACTER & INCOME POTENTIAL! This beautifully maintained Old North bungalow offers the perfect blend of timeless Craftsman character and modern functionality. Original architectural details, including elegant millwork, decorative pillars separating the living and dining rooms, an original French door, and mosaic tile, preserve the home's historic appeal.Now registered and licensed as a legal duplex, this R1-4 zoned property features two self-contained units with separate hydro services, making it an exceptional opportunity for investors or owner-occupants looking to offset their mortgage with rental income. If a single-family home is preferred, the property can be easily converted back by reinstating the rear staircase. Extensive renovations completed in 2023 include the creation of a fully legal lower suite, updated mechanical systems, separate heating and cooling, ERV systems, and numerous capital improvements throughout. Located in the highly desirable Old North neighbourhood, the property is just minutes from Western University, St. Joseph's Hospital, downtown London, parks, schools, shopping, and transit. Whether you're looking for a turnkey income property, a mortgage helper, or a multi-generational living opportunity, this property offers outstanding flexibility in one of London's most sought-after communities. All measurements are approximate. See attachments for list of upgrades, and City of London Rental Licence. (id:1945)
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Property details for 474 Cheapside Street, London East

Type
Multi-family
Style
Bungalow
Bedrooms
3
Bathrooms
2
Lot Size
32.3 x 130 FT
Stories
1
Basement
Finished, Apartment in basement, Separate entrance, N/A, N/A, N/A
Parking
No Garage
Heating
Baseboard heaters, Electric
Cooling
Air exchanger, Wall unit
Exterior
Brick, Stucco
Annual Taxes
$4,991 (2026)

Nearby Listings Stat

Estimated price and comparable properties near 474 Cheapside Street

Active Listings
32
Min Price
$239,900
Max Price
$749,900
Avg Price
$502,800
Days on Market
51
days
Sold Listings
18
Min Sold Price
$199,900
Max Sold Price
$799,900
Avg Sold Price
$468,815
Days until Sold
58
days

Neighbourhood Census Data

London, Ontario

Population
545
Median Age
39.6
Median Income
$55,488
Dwelling Value
$349,257

Housing Tenure

Owners 93%
Renters 9%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2.4
Pop. Density: 2,641.8/km²
Avg Shelter Cost: $1,376/mo
Owners with Mortgage: 61.9%
Owners Spending 30%+: 9.8%
Tenants Spending 30%+: 0%
English only: 89.9%
English and French: 9.2%
Median Household Income: $102,656
Median Employment Income: $50,688

Price History

Listed
August 6, 2026
by RE/MAX a-b Realty Ltd Brokerage
Current Price
$659,900
Type
Multi-family
For Sale
474 Cheapside Street

Contact Agent Get in touch about 474 Cheapside Street, London East

Pamela Conn
Pamela Conn
RE/MAX a-b Realty Ltd Brokerage