




3 Beds
2 Baths
C$659,900
474 Cheapside Street, London East ON, N5Y 3X3
Property typeMulti-family
Overview
Active
New
Listed Aug 6, 2026
Updated 4 weeks ago
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.
Additional information
- MLS® ID
- X13642796
Interior Features
- Bedrooms
- 3
- Bathrooms
- 2
- Fireplace
- Yes
- Cooling
- Yes
- Heating
- Yes
- Basement
- Yes
Other Property Details
- Taxes
- $4,991
- Tax Frequency
- Annually
Courtesy of Listed by , RE/MAX a-b Realty Ltd Brokerage,
Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.
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Data last updated 3:37 AM UTC, 9/12/2026