Sold for:Sold Nov 14, 2025
$549,900

316 Cheapside Street

London (East B), ON N6A 2A6

Detached House SoldNot available

Property not available for sale or for rent.

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Sale & Price History for 316 Cheapside Street, London, East B

2025-11-04
2025-11-14
Sold
Price
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MLS#
x12506422

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 316 Cheapside Street, London, East B

Welcome to 316 Cheapside Street, a charming yellow brick bungalow in the heart of Old North! Perfectly situated just steps from St. Joseph's Hospital and close proximity to Western University, and University Hospital. This home offers unbeatable convenience in one of London's most sought-after neighbourhoods. Whether you're an investor looking for a solid income property or a first-time buyer hoping to get into the market at a great price, this one is full of opportunity. Inside, you'll find three spacious bedrooms and two 3-piece bathrooms, offering plenty of flexibility for families, roommates, or tenants. The main living and dining areas are bright and welcoming, featuring large windows that fill the home with natural light. The kitchen provides ample cupboard and counter space, perfect for everyday cooking. The back bedroom includes a private ensuite bathroom and a bonus storage area or walk-in closet, while sliding patio doors lead to a large deck and a spacious, private backyard, perfect for relaxing or entertaining. The yard backs onto Old North Public School and includes a large storage shed for added convenience. Additional updates include an owned hot water heater (2019) and a newer 100-amp breaker panel. Legal rental and leased until April 30, 2026, generating $2,679/month - a fantastic turn-key investment opportunity in a prime location. Don't miss your chance to own a piece of Old North charm, a smart investment and a welcoming place to call home.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$4,157
Land Transfer Tax Fee
$7,473

Basement Type
Unfinished

Interior Features

Laundry Level
Main Level
Interior Extras
Primary Bedroom - Main Floor, Water Heater Owned
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Detached
Building Style
Bungalow

Construction

Exterior Finish
Brick, Aluminum Siding
Roof
Shingles
Foundation Details
Concrete
Special Designation
Unknown

Lot

Lot Front
45.00 ft
Lot Depth
132.00 ft
Lot Size
5940

Inclusions

Inclusions
fridge, stove, dishwasher, washer, dryer

Exclusions

Exclusions
Tenants belongings

Parking & Garages

Garage Type
None
Garage Spaces
3
Parking Spaces
3
Total Garage And Parking Spaces
3

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air
Water
Municipal
Sewers
Sewer

Bedrooms
3
Washrooms
2
Kitchens
1
Family / bonus room
Yes

Room sizes

  • Living Room—
    Main level
  • Dining Room—
    Main level
  • Kitchen—
    Main level
  • Bedroom—
    Main level
  • Bedroom 2—
    Main level
  • Bedroom 3—
    Main level
  • Other—
    Main level

Washrooms

  • 3-piece, Main
  • 3-piece, Main

Municipality
London
Neighbourhood
East B
Main cross streets
Cheapside St & Waterloo St
Zoning
R1-4
Directions
from Richmond St, right onto Cheapside St, property is on left hand side

MLS® number
X12506422
Data source
Toronto Regional Real Estate Board
Status change
2025-11-14
Listed on
2025-11-04
Days on market
10 days
Possession type
Other
Co-op commission
2%
Seller
Listed by
KELLER WILLIAMS LIFESTYLES

Home Market Value

Current home valuation for 316 Cheapside Street, London, East B, London, ON. Listed for $549,900

HOMEH Estimate

?

$605,500

Estimated Sales Range

?

$478,345 - $732,655

HOMEH Estimate for 316 Cheapside Street, London, East B

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$605,500Medium confidence
Based on 3 comparable properties
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

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London, ON
Minimum Down Payment Required:5.5%

5% on first $500K + 10% on $49,900 over $500K

Minimum down payment

$29,990

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
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%
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%
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+CMHC insurance
$20,786$15,342$13,088$0
=Total mortgage
$540,441$510,252$480,503$439,920
Amortization
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%
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Payment frequency
=Mortgage payment
$2,639monthly$2,491monthly$2,346monthly$2,148monthly
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Land Transfer Tax

Provincial

$7,473

Total Land Transfer Tax

$7,473

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