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354 Cheapside Street — Detached

Sold

London East, ON N6A 2A6

7 Bed · 4 Bath · Detached

MLS #X8448370

$775,000

Sold on July 30, 2024

July 30, 2024

Originally listed at $819,900 4 days on market

About This Property

Attention Investors! 354 Cheapside St is a prime investment opportunity in Old North, London. This legal 7-bedroom house spans two levels with 4 full bathrooms, 2 kitchens, and 2 living rooms, offering functionality and space for Western students. The lower level has a separate entrance for added privacy. Just a short walk or bus ride to Western University and King's University College, and a 15-minute walk to downtown, this property is ideal for investors. Professionally managed, all rooms are fully leased, providing a stable income. The property holds a City of London rental license and generates $61,680 in annual gross income with strong cash flow. This solid raised brick bungalow has an updated metal roof, laminate and ceramic flooring, radiant in-floor heating throughout, and central air conditioning. Out front, the driveway and carport can accommodate up to 5 cars. This property presents an excellent opportunity to capitalize on London's rental market. Don't miss out on this turnkey investment - schedule your private viewing today.

Property Details

Bedrooms

7

Bathrooms

4

Property Type

Detached

StyleBungalow-Raised
Approx. Age51-99 years
Lot Size39 97 ft
Frontage38.5 ft
Depth97.0 ft
GarageCarport
BasementFull, Finished
CoolingCentral Air
HeatingRadiant
FireplaceYes
Parking Spaces5
Listed OnJun 16, 2024
Property Tax$4,296/year

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Rooms

NameSize (m)Size (ft)Features
Living Room(Main)3.9 x 5.3512.8 x 17.6-
Kitchen(Main)3.58 x 4.1111.7 x 13.5-
Bathroom(Main)2.06 x 1.426.8 x 4.7-
Bedroom(Main)4.32 x 3.5814.2 x 11.7-
Bedroom 2(Main)3.3 x 310.8 x 9.8-
Bedroom 3(Main)3.48 x 311.4 x 9.8-
Living Room(Lower)3.61 x 3.1711.8 x 10.4-
Kitchen(Lower)4.42 x 4.5514.5 x 14.9-
Bedroom(Lower)4.29 x 2.0814.1 x 6.8-
Bathroom(Main)2.82 x 1.529.3 x 5.0-
Bedroom(Lower)2.44 x 2.978.0 x 9.7-
Bathroom(Lower)2.36 x 1.577.7 x 5.2-

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354 Cheapside Street History

Complete transaction history for this property

Terminated

Listed: May 6, 2024

$849,900

41 days on marketSale
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Price History

Original List Price

$819,900

Listed on Jun 16, 2024

Sold Price

$775,000

Sold on Jul 30, 2024

-$44,900

-5.5%

4 days on market

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Your Agent

OVAIS QASSIM

Broker of Record

PREMIER MATRIX REALTY LTD. BROKERAGE

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Home Features

Property TypeDetached
StyleBungalow-Raised
Approx. Age51-99 years
Lot Size39 × 97 ft
Frontage38.5 ft
Depth97.0 ft
GarageCarport
BasementFull, Finished
CoolingCentral Air
FireplaceYes

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About 354 Cheapside Street, London East, ON N6A 2A6

354 Cheapside Street, London East, ON N6A 2A6 is a 7-bedroom, 4-bathroom bungalow-raised detached, situated on a 39 97 foot lot. This property is currently sold (sold for $775,000). The home features a carport garage and a full, finished basement, built approximately 51-99 years ago.

East B Neighbourhood

This home is located in East B, part of London East in the Middlesex area. Explore more homes for sale and recently sold properties in this neighbourhood.

Whether you are looking to buy, sell, or lease in East B, our team of experienced real estate professionals can help you navigate the market and find the perfect home. Contact us today for a free consultation.

354 Cheapside Street, London East, ON N6A 2A6

354 Cheapside Street, London East, ON N6A 2A6 sold,7 bedroom detached East B,London East homes for sale,Middlesex real estate,Bungalow-Raised homes, detached sold