$389,900
Est. payment $1,726/moCalculate yours
687 Cheapside Street, London East, ON N5Y 3Y3
East, London, ON N5Y 3Y3
- 2 + 1 Beds
- 2 Baths
- 700 Sq Ft
Listing courtesy of NU-VISTA PINNACLE REALTY BROKERAGE INC MLS® X13783866
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.
Property details
Overview
- Property Type
- Detached
- Style
- Bungalow
- For
- For Sale
- Status
- New
- Size
- 700 sqft
Interior
- Bedrooms
- 2 + 1
- Bathrooms
- 2
- Kitchens
- 2
- Basement
- Apartment, Finished
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Vinyl Siding
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 116.29 x 53.96 Feet
- Parking
- None garage · 6 total
Financial
- Property Taxes
- $3,587 (2025)
Location
- Neighbourhood
- East
- Cross Street
- Cheapside and Adelaide
- Direction Faces
- South
Listing
- MLS® Number
- X13783866
- Days on Market
- 33
- Listed On
- 2026-09-15
- Possession
- Flexible
- Listed By
- NU-VISTA PINNACLE REALTY BROKERAGE INC
Rooms
Features
Interior
- Accessory Apartment
- In-Law Capability
- In-Law Suite
Pool
- None
- Included
- 2x Refrigerator, 2x Stove, Washer, Dryer
- Excluded
- Tenants Belongings
Mortgage calculator
Estimated mortgage payment
$1,726 per month
- Principal and interest
- $1,726
- Property tax
- $299
- Condo fees
- $0
- Estimated monthly cost
- $2,025
Your mortgage
- Mortgage amount
- $311,920
- Mortgage insurance
- Not needed
- Interest over 25 years
- $205,998
Cash to close
- Down payment
- $77,980
- Land transfer tax
- $4,324
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $82,304
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
This photo could not be loaded.