For Sale
687 Cheapside Street
East C, London East, ON
$399,900
2+1Bd
2Ba
900+sqft
6Parking
116.29 x 53.96 ftlot
$444/sqft
DetachedMLS# X12665814Listed 2026-01-06156 DOM
Cooling
Central Air
Basement
Finished
On the market for 156 days — longer than average. The seller may be open to negotiation.
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.
In-law Suite
Rooms
Main Floor
| Bedroom | 3.02 × 2.84 m | |
| Bedroom | 3.05 × 3.35 m | |
| Bathroom | 2.51 × 1.93 m | 4 Pc Bath |
| Dining Room | 2.59 × 3.56 m | |
| Living Room | 6.40 × 3.35 m | |
| Kitchen | 3.56 × 3.43 m |
Lower
| Bedroom | 2.79 × 3.28 m | |
| Kitchen | 3.78 × 3.30 m | |
| Bathroom | 3.15 × 2.16 m | 4 Pc Bath |
| Living Room | 10.06 × 3.10 m |
Features
- Accessory Apartment
- In-Law Capability
- In-Law Suite
- Apartment
- Finished
- Central Air
- Bungalow
Financials
Annual Taxes
$3,587.48
Estimated Rental Income
Entire property$2,600 – $3,800/mo
Rental yield7.8% – 11.4%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — London East
Days on market156 days
Buyer's MarketSeller's Market
Based on active listings in London East. Data updates daily.
Our estimate for this home
Estimated range
$529K – $615K
Mid-point $572K · ~$635/sqft
How this listing compares
$529KList · $400K$615K
High confidence·Based on 12479 gta-wide comparables
Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
64
/ 100
Walk Score
Somewhat Walkable
39
/ 100
Transit Score
Some Transit
54
/ 100
Bike Score
Bikeable
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.
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