562 PICCADILLY STREET, London East (East F)

$579,000

For sale: Multiplex

Multiplex at 562 PICCADILLY STREET, London East (East F)
Property type
Duplex
Bedrooms / bathrooms
5 bedrooms, 3 bathrooms
Living area
2,500 sqft
MLS®
MLS® X14131032
Neighbourhood
East F

Discover the perfect blend of timeless character, modern updates, and incredible versatility in this beautifully maintained separately metered duplex, ideally located in downtown London, close to amenities, schools, public transit, and more. Showcasing the charm and architectural beauty of a century home, this property offers exceptional space, ample parking, and a private lot perfect for unwinding after a long day.The main-floor unit will be vacant at the end of November, presenting an excellent opportunity for owner-occupiers looking to live in one unit while generating rental income from the other. This spacious unit features three bedrooms, including a primary bedroom with a large walk-in closet, high ceilings throughout, a formal living room and dining room, newer flooring, and a renovated kitchen.The upper unit is full of character, with charming slanted ceilings, an abundance of natural light from large windows and skylights, and a thoughtfully renovated kitchen. Offering two bedrooms, a full four-piece bathroom, a generous living area, and a bonus space ideal for a home office, this unit is both functional and inviting. A+ tenants are currently paying $1,200 per month plus hydro, providing an attractive income stream for the next owner. Additional features include on-site laundry with separate access for each unit, a large basement with additional living space, a two-piece bathroom, and an expansive storage area that has been waterproofed. Parking is another standout feature, with three spaces allocated to the main unit and one for the upper unit.With key renovations completed where they matter most, this property offers a rare opportunity to own a character-filled century home that stands apart from others in the area. Whether you're looking to owner-occupy, invest, or add a versatile property to your portfolio, this downtown duplex is full of potential and ready to impress!

Sold data

Homes in East F — recent sold market

Homes in East F took a median of 41 days to sell over the last 365 days, with the quickest quarter selling within 18 days and the slowest quarter taking more than 70, across 94 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 82 days.

The median sale price was $447,450.

Homes sold for about 3.8% below asking on average, so there was room to negotiate.

About 6% of sales closed above the list price.

Around 24% of sellers reduced their price before finding a buyer.

Median days to sell
41
Median sale price
$447,450
Sale-to-list ratio
96.2%
Sold above asking
6%

Based on 94 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in London East (East F)

London East (East F) 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 F)

  • 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 562 PICCADILLY STREET