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    For Sale - 474 Cheapside Street, London East, Ontario

    Est payment $3,169/mo
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    Views   2
    Time on Jump  77 day

    AI Summary *

    • Well-maintained bungalow with a blend of character and modern upgrades.
    • Currently generating $3,900 monthly rental income, great for investors.
    • Two self-contained units with separate hydro meters for tenant convenience.
    • Recent renovations in 2023, including updated mechanical systems and lower suite.
    • Located near Western University and downtown, close to amenities and transit.




    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.
    Listing IDX13642796
    Address474 Cheapside Street
    CityLondon East, Ontario
    Price$659,900
    Bed / Bath3 / 2 Full
    StyleBungalow, Duplex
    ConstructionBrick, Stucco (Plaster)
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features Air Exchanger, Primary Bedroom - Main FloorOutdoor Features PorchAmenities Hospital, Place Of Worship, Public Transit, School, ParkOwnership FreeholdBasement Apartment, Separate Entrance, FinishedFoundation Concrete BlockHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

    Parking 4.00
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    Listing Brokerage: RE/MAX a-b Realty Ltd Brokerage

    * Data is provided courtesy of PROPTX. 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. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
    Parks
    Schools
    Place of Worship
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    474 Cheapside Street
    London East , Ontario
    3 2 $659,900
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