474 Cheapside Street, London East, ON N5Y 3X3
East B, London East · Near Harrison Ave · View map
About this home
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.
The home
- Type
- Bungalow
- Style
- Bungalow
- Square footage
- 700-1100 sq ft
- Bedrooms
- 2
- Basement bedrooms
- 1
- Bathrooms
- 2
- Kitchens
- 2
- Rooms
- 6
- Basement
- Apartment, Separate Entrance, Finished
- Lot size
- 32.3 x 130 ft
- Faces
- North
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick, Stucco (Plaster)
Heating & cooling
- Heating fuel
- Electric
- Heating type
- Baseboard
- Air conditioning
- Wall Unit(s)
- Fireplace
- Yes
Garage & parking
- Driveway spaces
- 4
- Total parking
- 4
- Parking features
- Private
Taxes & other
- Property taxes
- $4,991/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- September 2026
- Cross street
- Harrison Ave
- Neighbourhood
- East B
More
- Price per sq ft
- ~$733 (at 900 sq ft)
- Listed
- Aug 5, 2026 · 69 days ago
- MLS® number
- X13642796
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The home and its surroundings
- Air Exchanger
- Primary Bedroom - Main Floor
- Hospital
- Place Of Worship
- Public Transit
- School
- Park
- Porch
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
474 Cheapside Street, London East, ON N5Y 3X3
East B, London East · Near Harrison Ave
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Listing history for 474 Cheapside Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 474 Cheapside Street
Answers come straight from this home’s MLS® listing.
How much is 474 Cheapside Street listed for, and what would it cost each month?
474 Cheapside Street is listed for $659,900. With 20% down ($131,980), the mortgage payment would be roughly $2,662 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,078 a month, all in. That figure is an illustration, not a quote.
Is 474 Cheapside Street freehold or a condo, and is there a monthly fee?
474 Cheapside Street is a bungalow in East B, London East. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 474 Cheapside Street have?
474 Cheapside Street has 2 bedrooms, plus 1 more bedroom in the basement, and 2 bathrooms.
Does 474 Cheapside Street have a garage and parking?
The listing does not show a garage. The driveway adds 4 spaces. In total the listing counts 4 parking spaces.
Does 474 Cheapside Street have a finished basement?
The listing describes the basement as apartment, separate entrance, finished. It counts 1 bedroom on that level. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 474 Cheapside Street?
474 Cheapside Street is a bungalow. A bungalow has all of its main living space, including the bedrooms, on one floor, usually over a full basement.
How big is 474 Cheapside Street, and what is the lot size?
The listing puts the home between 700 and 1,100 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 32.3 x 130 ft.
How is 474 Cheapside Street heated and cooled?
Heating is baseboard (electric). Cooling is wall unit(s).
What are the property taxes for 474 Cheapside Street?
Property taxes are $4,991 a year (2026), or about $416 a month.
Where is 474 Cheapside Street?
474 Cheapside Street is in the East B community of London East. The nearest main intersection is Harrison Ave. The postal code is N5Y 3X3.
How long has 474 Cheapside Street been on the market?
474 Cheapside Street was listed on August 5, 2026. It has been on the market for 69 days. It is an active listing (MLS® X13642796). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 474 Cheapside Street asking?
Similar bungalow-style homes for sale nearby right now include 756 Cheapside Street at $529,900 (3+2 bed), 797 Colborne Street at $574,900 (2+1 bed) and 117 Thornton Avenue at $529,000 (2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 474 Cheapside Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 474 Cheapside Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar bungalows nearby
More bungalow-style homes for sale near East B, picked by style, size and price.
Bungalow$529,900756 Cheapside Street, London East3+2 bed · 2 bath · East CCourtesy of: CENTURY 21 MYPRO REALTYView home →
Bungalow$574,900797 Colborne Street, London East2+1 bed · 1 bath · East BCourtesy of: SUTTON GROUP - SELECT REALTYView home →
Bungalow$529,000117 Thornton Avenue, London East2 bed · 1 bath · East BCourtesy of: THE REALTY FIRM INC.View home →Courtesy of: RE/MAX a-b Realty Ltd Brokerage
PropTx MLS® assumes no responsibility for the accuracy of any information shown. 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.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.