474 Cheapside Street, London East, ON N5Y 3X3
London East, ON, N5Y 3X3 · East B
About this property
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. 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.
Features & Amenities
- Basement: Apartment, Separate Entrance, Finished
- Garage: None
- Cooling: Wall Unit(s)
- Heat Type: Baseboard
- Heat Source: Electric
- Style: Bungalow
- Construction: Brick, Stucco (Plaster)
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Duplex |
| Architectural Style | Bungalow |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Basement | Apartment, Separate Entrance, Finished |
| Garage | None |
| Parking Spaces | 4 |
| Heat Type | Baseboard |
| Heat Source | Electric |
| Cooling | Wall Unit(s) |
| Sewer | Sewer |
| Annual Tax | $4,991 |
| Tax Year | 2026 |
Interior Features
- Interior Features
- Air Exchanger, Primary Bedroom - Main Floor
- Fireplace
- Yes
- Fireplace Features
- Electric
Exterior Features
- Exterior Features
- Porch
- Pool Features
- None
Building & Construction
- Architectural Style
- Bungalow
- Construction Materials
- Brick, Stucco (Plaster)
- Foundation Details
- Concrete Block
- Roof
- Shingles
- Basement
- Apartment, Separate Entrance, Finished
Heating & Cooling
- Heat Type
- Baseboard
- Heat Source
- Electric
- Cooling
- Wall Unit(s)
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 4
- Parking Total
- 4.00
- Parking Features
- Private
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 130.00
- Lot Width
- 32.33
Community & Neighborhood
- Property Features
- Hospital, Place Of Worship, Public Transit, School, Park
Financial & Tax
- Tax Annual Amount
- $4,991
- Tax Year
- 2026
- Possession Type
- Flexible
- Possession Details
- September 2026
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 6
- Rooms Below Grade
- 6
- Kitchens Above Grade
- 2
- Kitchens Total
- 2
- Bedrooms Above Grade
- 2
- Bedrooms Below Grade
- 1
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- North
- County Or Parish
- Middlesex
- Cross Street
- Harrison Ave
- Directions
- Travelling North on Richmond Street from Oxford. Turn Right onto Cheapside Street. Destination is on your left.
- Special Designation
- Unknown
- Showing Requirements
- Lockbox, Showing System
Location
474 Cheapside Street, London East, ON N5Y 3X3, London East, ON, N5Y 3X3