474 CHEAPSIDE STREET, London East (East B)
$659,900
For sale: Multiplex
- Property type
- Duplex
- Bedrooms / bathrooms
- 3 bedrooms, 2 bathrooms
- Living area
- 1,100 sqft
- MLS®
- MLS® X13642796
- Neighbourhood
- East B
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.
Sold data
Multiplex homes in London East (East B) — recent sold market
Multiplex homes in London East (East B) took a median of 40 days to sell over the last 365 days, with the quickest quarter selling within 22 days and the slowest quarter taking more than 78, across 123 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 114 days.
The median sale price was $599,900.
Homes sold for about 3.8% below asking on average, so there was room to negotiate.
About 13% of sales closed above the list price.
Around 28% of sellers reduced their price before finding a buyer.
- Median days to sell
- 40
- Median sale price
- $599,900
- Sale-to-list ratio
- 96.2%
- Sold above asking
- 13%
Based on 123 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in London East (East B)
London East (East B) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.
- Rated schools
- 116
- Elementary
- 97
- Secondary
- 19
- Average rating
- 5.5 / 10
Top-rated schools in London East (East B)
- John Dearness — elementary, LondonFraser rating 9.8/10
- St George — elementary, LondonFraser rating 9.1/10
- Jack Chambers — elementary, LondonFraser rating 8.8/10
- Sir Arthur Currie — elementary, LondonFraser rating 8.8/10
- London Central — secondary, LondonFraser rating 8.7/10
- Ryerson — elementary, LondonFraser rating 8.7/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 474 CHEAPSIDE STREET
$729,000
Multiplex3+12700–1,100 sqft61-63 DILLABOUGH STREET, East L, London East
$649,900
Detached321,500–2,000 sqft1463 GLENORA DRIVE, North H, London North
$644,900
Detached321,100–1,500 sqft15 CUMBERLAND CRESCENT, North G, London North
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Detached321,100–1,500 sqft240 BYRON AVENUE, Dorchester, Thames Centre
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Apartment3+121,600–1,799 sqft504 - 240 VILLAGEWALK BOULEVARD, North R, London North
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Detached321,500–2,000 sqft447 WOODMAN AVENUE, East G, London East
$699,900
Vacant Land4366 COLONEL TALBOT ROAD, South V, London South
$719,000
Detached3+121,100–1,500 sqft632 THORNWOOD DRIVE, North P, London North