Salehian.com 647-325-5000

474 Cheapside Street

East B, London East, N5Y 3X3

$659,900

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  • 2+1 bedrooms
  • 2 bathrooms
  • 4 parking
  • 700-1100 sq ft

Listed 76 days ago · MLS® X13642796

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.

Details

Type
Duplex
Style
Bungalow
Size
700-1100 sq ft
Lot
32.33 × 130 ft
Basement
Apartment, Separate Entrance, Finished
Garage
None
Kitchens
2
Property tax
$4,991 (2026)
Neighbourhood
East B
Municipality
London East

Interior

Bedrooms
2 above ground + 1 below
Bathrooms
1 × 4-piece (main), 1 × 3-piece (lower)
Rooms
6 above ground + 6 below
Family room or den
No
Fireplace
Electric
Features
Air Exchanger, Primary Bedroom - Main Floor

Heating, cooling and services

Heating
Baseboard, Electric
Air conditioning
Wall Unit(s)
Water and sewer
Sewer

Building and exterior

Style
Bungalow
Exterior
Brick, Stucco (Plaster)
Roof
Shingles
Foundation
Concrete Block
Faces
North
Outdoor
Porch

Parking

Total parking
4
Driveway and parking
Private

Lot

Size
32.33 × 130 ft

More

Possession
September 2026
Nearby
Hospital, Place Of Worship, Public Transit, School, Park
Cross street
Harrison Ave

Rooms

RoomLevelSizeFeatures
KitchenMain3.43 × 3.33 m (11'3" × 10'11")
Living RoomMain4.55 × 3.33 m (14'11" × 10'11")
Dining RoomMain3.53 × 3.33 m (11'7" × 10'11")
Primary BedroomMain5.21 × 2.74 m (17'1" × 9')
BedroomMain2.74 × 2.69 m (9' × 8'10")
BathroomMain1.78 × 1.75 m (5'10" × 5'9")
RecreationLower10.06 × 3.2 m (33' × 10'6")
KitchenLower4.27 × 2.77 m (14' × 9'1")
BedroomLower4.3 × 2.74 m (14'1" × 9')
BathroomLower3.02 × 1.25 m (9'11" × 4'1")
Utility RoomLower3.35 × 1.47 m (11' × 4'10")
OtherLower3.23 × 1.65 m (10'7" × 5'5")Walk-In Closet(s)

History of this address

6 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 3 grocery stores, 11 cafés and restaurants, 4 parks, 3 pharmacies. Nearest grocery: Metro (350 m). Nearest park: Carling Park (650 m).

Schools nearby

Elementary

  • St. Michael Separate School Catholic
    EQAO: Gr 6 reading 94%, math 53%    3 min walk
  • Ryerson Public School10 min walk
  • St George's Public School Catholic
    EQAO: Gr 6 reading 90%, math 81%    14 min walk
  • Knollwood Park Public School
    EQAO: Gr 6 reading 74%, math 38%    17 min walk

Secondary

  • École secondaire catholique École secondaire Monseigneur-Bruyère French1.4 km
  • London Central Secondary School
    EQAO: Gr 9 math 81%, literacy test 91%    1.9 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N5Y

Owners / renters
45% / 55%
Median household income
$63,600
Average age
38
Children under 15
16%
Homes
41% detached, 29% high-rise
Commute by transit
12%
Population
35,934

Languages spoken most at home besides English: Nepali 2%, Malayalam 1.7%, Arabic 1.1%, Assyrian Neo-Aramaic 1.1%.

Safety

Crime Severity Index for London police: 73 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown London: 2 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by RE/MAX a-b Realty Ltd Brokerage.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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