660 Cheapside Street, London East, ON N5Y 3Y2, London East, ON
Bed 47
Bath 30
An exceptional multi/residential property located in the north end of London, Ontario. This offers investors a chance to compliment an existing_ portfolio or achieve geographic diversification with this turn-key asset. This site has been professionally upgraded with 30 suites in this four storey apartment building with an elevator. 660 Cheapside St. presents a unique value-added opportunity with renovated high end finishes, all with large balconies. A party room/lounge, a gym and both front door and underground parking. Luxury finishes include fireplaces, ceramic tile, laminate floors, all new lighting and carpeted bedrooms. All the units have stainless steel appliances (stove, fridge, dishwasher, washer and dryer). Building is comprised of 15 - 1 bedroom apartments, 7 - 2 bedroom, 6 - 2 bedroom loft apartments and 2 - 3 bedroom apartments. Controlled entry both front door entrance and underground parking. Excellent location in a mature residential area within walking distance to shopping and all your essential needs. Close to playground, schools, churches, and tennis courts. Pride of ownership throughout this investment. Gross income over $659,000.00. Cap Rate Over 5%.
Property Highlights
For Sale
MLS NO.
X12285030
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
47
Bathrooms
30
Parking
48.0
Garage
Yes
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Expired
Contract Status
Unavailable
MLS® Number
X12285030
Living Area Range
3500-5000
Total Bedrooms
47
Bedrooms Above Grade
47
Total Bathrooms
30
Total Kitchens
30
Kitchens Above Grade
30
Rooms Above Grade
0
Interior Features
Intercom, Separate Hydro Meter, Water Heater
Fireplace
Yes
Fireplace Features
Electric, Living Room
Central Vacuum Yn
No
Construction
Brick
Roof
Asphalt Shingle
Lot Width
156.66
Parking Total
48.0
Covered Spaces
13.0
Garage Type
Other
Garage
Yes
Pool
None
Direction Facing
North
Cooling
Wall Unit(s)
Cooling Installed
No
Heat Source
Gas
Heat Type
Water
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
660 Cheapside Street, London East, ON N5Y 3Y2
City
London East
Neighbourhood
East C
County / Region
Middlesex
Province / State
ON
Postal Code
N5Y 3Y2
Cross Street
Adelaide St
Directions
Cheapside just East of Adelaide
Country
CA
List Price
$9,495,000
Annual Taxes
$71,414
Tax Year
2025
Legal Description
Lot 40, 41, And 42 Plan 687; Together With 662265 (1stly); london; (desc. amended to add' (1stly)". 2011/09/15f.j.)
Possession Type
30-59 days
Possession Details
Flexible
Listing Office
SUTTON GROUP - SELECT REALTY
Board
London and St. Thomas Association of REALTORS
Original Entry
2025-07-15T13:30:40Z
Media Updated
2025-07-15T13:30:41Z
Photos Updated
2025-07-15T13:30:41Z
Last Modified
2025-10-16T05:16:03Z
System Modified
2025-10-21T23:59:11.224262Z
MLS Status
Expired
Architectural Style
Other
Basement
Partially Finished
Board Property Type
Com
Ddfyn
Yes
Expiration Date
2025-10-15
Foundation Details
Concrete
Heat Source Multi
Gas
Heat Type Multi
Water
Heating Yn
Yes
Hstapplication
Included In
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
080940518
Parking Spaces
35
Property Features
Hospital, Park, Public Transit, School
Public Remarks
An exceptional multi/residential property located in the north end of London, Ontario. This offers investors a chance to compliment an existing_ portfolio or achieve geographic diversification with this turn-key asset. This site has been professionally upgraded with 30 suites in this four storey apartment building with an elevator. 660 Cheapside St. presents a unique value-added opportunity with renovated high end finishes, all with large balconies. A party room/lounge, a gym and both front door and underground parking. Luxury finishes include fireplaces, ceramic tile, laminate floors, all new lighting and carpeted bedrooms. All the units have stainless steel appliances (stove, fridge, dishwasher, washer and dryer). Building is comprised of 15 - 1 bedroom apartments, 7 - 2 bedroom, 6 - 2 bedroom loft apartments and 2 - 3 bedroom apartments. Controlled entry both front door entrance and underground parking. Excellent location in a mature residential area within walking distance to shopping and all your essential needs. Close to playground, schools, churches, and tennis courts. Pride of ownership throughout this investment. Gross income over $659,000.00. Cap Rate Over 5%.