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2 + 1
BEDROOMS 2
BATHROOMS 2
KITCHENS 6 + 6
ROOMS X13642796
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Property Description
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.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 1999-12-21 | 2000-01-01 | 11 | $599,900 | $572,500 |
| 2023-05-01 | 2023-05-12 | 11 | $599,900 | $572,500 |
Property Features
Hospital, Place Of Worship, Public Transit, School, Park, Air Exchanger, Primary Bedroom - Main Floor, Private, Electric
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Property Details
Address
474 Cheapside Street
Community
City
Postal Code
N5Y 3X3
Property Type
Duplex, Duplex
Lot Size
32' x 130'
Taxes
$4,991 (2026
Basement
Apartment, Separate Entrance, Finished
Exterior
Porch
Heat Type
Baseboard
Heat Source
Electric
Water
Municipal
Parking Spaces
4
Garage Type
None
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Listing contracted with Re/Max A-B Realty Ltd Brokerage
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