474 Cheapside Street London East, Ontario N5Y 3X3
$659,900
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. (id:61499)
Property Details
| MLS® Number | X13642796 |
| Property Type | Multi-family |
| Community Name | East B |
| AmenitiesNearBy | Hospital, Place Of Worship, Public Transit, Schools, Park |
| ParkingSpaceTotal | 4 |
| Structure | Porch |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 2 |
| BedroomsBelowGround | 1 |
| BedroomsTotal | 3 |
| Amenities | Fireplace(s) |
| Appliances | All |
| ArchitecturalStyle | Bungalow |
| BasementDevelopment | Finished |
| BasementFeatures | Apartment In Basement, Separate Entrance |
| BasementType | N/a, N/a, N/a (finished) |
| CoolingType | Wall Unit, Air Exchanger |
| ExteriorFinish | Brick, Stucco |
| FireplacePresent | Yes |
| FireplaceTotal | 1 |
| FoundationType | Block |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 1 |
| SizeInterior | 700 - 1100 Sqft |
| Type | Duplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Hospital, Place Of Worship, Public Transit, Schools, Park |
| Sewer | Sanitary Sewer |
| SizeDepth | 130 Ft |
| SizeFrontage | 32 Ft ,3 In |
| SizeIrregular | 32.3 X 130 Ft |
| SizeTotalText | 32.3 X 130 Ft |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Utility Room | 3.35 m | 1.47 m | 3.35 m x 1.47 m |
| Lower Level | Other | 3.23 m | 1.65 m | 3.23 m x 1.65 m |
| Lower Level | Recreational, Games Room | 10.06 m | 3.2 m | 10.06 m x 3.2 m |
| Lower Level | Kitchen | 4.27 m | 2.77 m | 4.27 m x 2.77 m |
| Lower Level | Bedroom | 4.3 m | 2.74 m | 4.3 m x 2.74 m |
| Lower Level | Bathroom | 3.02 m | 1.25 m | 3.02 m x 1.25 m |
| Main Level | Kitchen | 3.43 m | 3.33 m | 3.43 m x 3.33 m |
| Main Level | Living Room | 4.55 m | 3.33 m | 4.55 m x 3.33 m |
| Main Level | Dining Room | 3.53 m | 3.33 m | 3.53 m x 3.33 m |
| Main Level | Primary Bedroom | 5.21 m | 2.74 m | 5.21 m x 2.74 m |
| Main Level | Bedroom | 2.74 m | 2.69 m | 2.74 m x 2.69 m |
| Main Level | Bathroom | 1.78 m | 1.75 m | 1.78 m x 1.75 m |
https://www.realtor.ca/real-estate/30120055/474-cheapside-street-london-east-east-b-east-b
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Contact us for more information
Pamela Conn
Salesperson
46 Charles St East
Ingersoll, Ontario N5C 1J6
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October 21 2026 09:24:22
RE/MAX A-B Realty Ltd Brokerage