Kitchen (3.33 × 3.43)
Level: Main
474 Cheapside St
East B, London East, Ontario N5Y 3X3
Description
CHARM, CHARACTER & INCOME POTENTIAL! This beautifully maintained Old North bungalow offers the perfect blend of timeless Craftsman character and modern functionality, with $3,900 in current monthly rental income ($46,800 annually). The upper unit rents for $2,200/month and the lower unit for $1,700/month. Both units have separate hydro meters, with tenants paying their own hydro. 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.
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- X13642796
- Board
- TRREB MLS®
- Days on market
- Tax
- $4,991
- Size
- 700-1100 sqft
- Lot
- 32.33 × 130 Feet
- Parking
- None, 4 Parking
Listing History
Listing activity for 474 Cheapside St, London East, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $659,900 | N/A | For Sale | X13642796 |
Property Details
Property
- Property Type
- Duplex
- Style
- Bungalow
- Community
- East B
- Municipality
- London East
Inside
- Bedrooms
- 2+1
- Bathrooms
- 2
- Bathroom Detail
- 1, 4pc, Main
- Bathroom Detail
- 1, 3pc, Lower
- Basement Type
- Apartment
- Kitchens
- 2
Utilities
- Water
- Municipal
- Cooling
- Wall Unit
- Heating Type
- Baseboard
Building
- Size
- 700-1100 sqft
- Construction
- Brick
Parking
- Driveway
- Private
- Garage Type
- None
- Add. Parking
- 4
- Total Parking
- 4
Land
- Sewer
- Sewers
- Lot Size
- 32.33 × 130 Feet
- Lot Size Code
- Feet
Additional
- Foundation
- Concrete Block
- Roof
- Shingles
- Fireplace
- Y
- Pool
- None
- Den
- N
- Family room
- N
- Extras
- All appliances
Rooms (12)
Living (3.33 × 4.55)
Level: Main
Dining (3.33 × 3.53)
Level: Main
Primary (2.74 × 5.21)
Level: Main
Br (2.69 × 2.74)
Level: Main
Bathroom (1.75 × 1.78)
Level: Main
Rec (3.2 × 10.06)
Level: Lower
Kitchen (2.77 × 4.27)
Level: Lower
Br (2.74 × 4.3)
Level: Lower
Bathroom (1.25 × 3.02)
Level: Lower
Utility (1.47 × 3.35)
Level: Lower
Other (1.65 × 3.23)
W/I Closet
Level: Lower
Location
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
12 records read 5 on record nearby 7 checked, none on recordRead 2026-10-28
Water and conservation
- No mapped wetland within 120 m
- No water-supply well recorded within 250 m2 test or monitoring holes also recorded.
Province of Ontario open data
Planning and building activity
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- Nearest airport: 7.1 km
Province of Ontario open data
Around the home
- A trail on the Ontario trail network within 1 km
Province of Ontario open data
Environmental records
- No licensed pit or quarry within 2 km
- No recorded oil, gas or salt well within 250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Corporation of the City of London — Adelaide Pollution Control Plant, 1.3 km away. Only facilities above the inventory’s reporting thresholds are listed.
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.
Province of Ontario open data · Government of Canada open data
Power and internet
- Electricity is distributed here by London Hydro Inc.
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (20 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Ontario Energy Board · Innovation, Science and Economic Development Canada
None of this is an inspection of the property. Confirm anything that matters to you with the municipality, the conservation authority or the record’s publisher. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$3,025
- Down payment$131,980
- Mortgage amount$527,920
- Total interest$379,580
- Total cost$1,039,480
Cash flow analysis
$3,025
Total monthly payment
$3,441
Break-even down payment
100%
Cash flow-$3,441
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
$659,900
$659,900
CAD
Estimate unavailable
Similar active listings
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.