354 Cheapside Street, London | Image 1

354 Cheapside Street

London, East B

  • - bed - bath
$XXX,XXX Listed: $XXX,XXX
Sold

Sold on Jun 21, 2024

Note: Property is not currently for sale or for rent.

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  • Type: Detached

  • Style: Bungalow-Raised

  • Lot Size: 38.5 x 97 Feet

  • Age: 51-99 years

  • Taxes: $4,296 per year

  • Days on Site: 4 Days

  • Added: Jun 17, 2024 (4 days on market)

  • Updated:

  • Last Checked: 1 month ago

  • MLS®#: X8448370

  • Listed By: Coldwell banker power realty

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.

Status

  • Days on Market: 4

  • Last Status: Sold

  • Sold Date: Jun 21, 2024

  • Closed Date: Jul 31, 2024

  • Expiry Date: Aug 16, 2024

  • Sold Price: $775,000

  • Unavailable Date: Jun 24, 2024

  • Input Date: Jun 17, 2024

  • Prior LSC: Listing with no contract changes

Property

  • Status: Sale

  • Property Type: Detached

  • Style: Bungalow-Raised

  • Age: 51-99

  • Area: London

  • Community: East B

  • Availability Date: immediate

  • Assessment Amount: $294,000

  • Assessment Year: 2023

Inside

  • Bedrooms: 3

  • Bedrooms Plus: 4

  • Bathrooms: 4

  • Kitchens: 1

  • Kitchens Plus: 1

  • Rooms: 7

  • Den/Family Room: No

  • Air Conditioning: Central Air

  • Fireplace: Yes

  • Washrooms: 4

Building

  • Basement: Finished

  • Basement 2: Full

  • Heat Type: Radiant

  • Heat Source: Other

  • Exterior: Brick

  • Exterior: Vinyl Siding

  • Water Supply: Municipal

  • Special Designation: Other

  • Other Structures: Garden Shed

Parking

  • Driveway: Pvt Double

  • Garage Spaces: 1

  • Garage Type: Carport

  • Covered Parking Spaces: 4

  • Total Parking Spaces: 5

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 33 W/S COLBORNE ST AS IN 772956; LONDON

  • Taxes: $4,296

Land

  • Cross Street: East on Cheapside fr

  • Municipality District: London

  • Fronting On: North

  • Parcel Number: 082390036

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 97 Feet

  • Lot Frontage: 38.5 Feet

  • Zoning: R1-4

Rooms

Room details for 354 Cheapside Street, London

Type Dimensions
Living Main 5.35 x 3.90
Kitchen Main 4.11 x 3.58
Bathroom Main 1.42 x 2.06
Br Main 3.58 x 4.32
2nd Br Main 3.00 x 3.30
3rd Br Main 3.00 x 3.48
Living Lower 3.17 x 3.61
Kitchen Lower 4.55 x 4.42
Br Lower 2.08 x 4.29
Bathroom Main 1.52 x 2.82
Br Lower 2.97 x 2.44
Bathroom Lower 1.57 x 2.36
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Very Walkable

  • Most errands can be accomplished on foot.
70 /100

Good Transit

  • Some errands can be accomplished by public transportation.
59 /100

Bikeable

  • Some errands can be accomplished on bike.
68 /100
Map of 354 Cheapside Street, London
JK-8

St Michael

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St Georges Public School

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Northbrae Public School

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Ryerson Public School

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Lord Roberts Public School

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Louise Arbour French Immersion Public School

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H B Beal Secondary School

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