687 Cheapside Street, London East (East C), Ontario, N5Y3Y3




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$389,900
London East
This 3-bedroom, 2-bathroom home in London East is for sale offering roughly 900 sq ft of space. Listed at $389,900, it is attractively priced about 19% below the $479,600 median asking price in London East.
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. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 52 days on market, against an average age of 43 days across the listings currently for sale in this city
This 3-bed single family in London East (East C) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $389,900, about 6.1× the local median household income of $63,600.
Carrying it typically needs a household income of about $76,161 (20% down, 25-yr amortization, stress-tested) — roughly 20% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5Y)
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Loading rates, 30-yr amortization
Cash Needed to Close
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