687 Cheapside Street, London East, ON N5Y 3Y3
East C, London East · Near Cheapside and Adelaide · View map
About this home
Opportunity knocks with this versatile bungalow offering two self-contained units perfect for investors, multi-generational families, or those looking to offset their mortgage. Ideally located just 7 minutes to both Western University and Fanshawe College, this home is a prime choice for students, faculty, or anyone working or studying at either institution. With such a central location, rental demand is strong and steady. The main floor unit features a bright and spacious layout with 2 bedrooms, a full kitchen, and a comfortable living area ideal for owner-occupants or tenants alike. The fully finished lower level has a separate entrance, its own hydro meter, and a thoughtfully designed 1-bedroom in-law suite.This property is truly set up for separate living arrangements, rental income, or future flexibility. Whether you're looking to live in one unit and rent the other, or add to your portfolio with a turn-key duplex-style setup, this home offers outstanding value, location, and opportunity.
The home
- Type
- Bungalow
- Style
- Bungalow
- Square footage
- 700-1100 sq ft
- Bedrooms
- 2
- Basement bedrooms
- 1
- Bathrooms
- 2
- Kitchens
- 2
- Rooms
- 11
- Basement
- Apartment, Finished
- Lot size
- 116.3 x 54 ft
- Faces
- South
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Vinyl Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 6
- Total parking
- 6
Taxes & other
- Property taxes
- $3,587/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Cheapside and Adelaide
- Neighbourhood
- East C
More
- Price per sq ft
- ~$433 (at 900 sq ft)
- Listed
- Sep 15, 2026 · 28 days ago
- MLS® number
- X13783866
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The home and its surroundings
- Accessory Apartment
- In-Law Capability
- In-Law Suite
- 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.
687 Cheapside Street, London East, ON N5Y 3Y3
East C, London East · Near Cheapside and Adelaide
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Listing history for 687 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 687 Cheapside Street
Answers come straight from this home’s MLS® listing.
How much is 687 Cheapside Street listed for, and what would it cost each month?
687 Cheapside Street is listed for $389,900. With 20% down ($77,980), the mortgage payment would be roughly $1,573 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $1,872 a month, all in. That figure is an illustration, not a quote.
Is 687 Cheapside Street freehold or a condo, and is there a monthly fee?
687 Cheapside Street is a bungalow in East C, 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 687 Cheapside Street have?
687 Cheapside Street has 2 bedrooms, plus 1 more bedroom in the basement, and 2 bathrooms.
Does 687 Cheapside Street have a garage and parking?
The listing does not show a garage. The driveway adds 6 spaces. In total the listing counts 6 parking spaces.
Does 687 Cheapside Street have a finished basement?
The listing describes the basement as apartment, 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 687 Cheapside Street?
687 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 687 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 116.3 x 54 ft.
How is 687 Cheapside Street heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 687 Cheapside Street?
Property taxes are $3,587 a year (2025), or about $299 a month.
Where is 687 Cheapside Street?
687 Cheapside Street is in the East C community of London East. The nearest main intersection is Cheapside and Adelaide. The postal code is N5Y 3Y3.
How long has 687 Cheapside Street been on the market?
687 Cheapside Street was listed on September 15, 2026. It has been on the market for 28 days. It is an active listing (MLS® X13783866). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 687 Cheapside Street asking?
Similar bungalow-style homes for sale nearby right now include 78 Stuart Street at $379,900 (2 bed), 31 Barker Street at $399,900 (2 bed) and 900 Adelaide Street N at $449,900 (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 687 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 687 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 C, picked by style, size and price.
Bungalow$379,90078 Stuart Street, London East2 bed · 1 bath · East CCourtesy of: RE/MAX CENTRE CITY REALTY INC.View home →
Bungalow$399,90031 Barker Street, London East2 bed · 1 bath · East CCourtesy of: BLUE FOREST REALTY INC.View home →
Bungalow$449,900900 Adelaide Street N, London East2 bed · 2 bath · East CCourtesy of: RE/MAX REAL ESTATE CENTRE INC.View home →Courtesy of: NU-VISTA PINNACLE REALTY BROKERAGE INC
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.