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Commercial Property in London
About 462 Cheapside Street
Mixed use property for sale in the heart of old north. This building is in immaculate condition with many recent upgrades / renovations completed. Two main floor commercial units; Unit 1 is leased to a bakery (total of 3,143 SF on the main and lower level) - currently on a month to month lease offering for an owner occupier opportunity; and Unit 2 is leased to an Indian grocery store (total of 1,205 SF on the main and lower level) leased until 2030 plus a 2nd floor newly-renovated 2-bedroom residential unit. Unit 1 was formerly a hair salon and offers lots of plumbing throughout the unit. 16 parking spaces on-site.
London retail priced at $1,885,000 — book a tour to see if it fits your search.
Inside 462 Cheapside St
Every detail from the listing, in one place.
Type
Retail
Features & systems
Lot & land
Lot size (sqft)
0.129
Listing & possession
Property class
Commercial Retail
462 Cheapside St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13491050$1,885,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 462 Cheapside St Compares to the London Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
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From 462 Cheapside St. Typical times without traffic delays; transit times aren't available yet.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. 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. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.2%On average, homes sold below asking.
Active listings2,487Homes for sale here right now.
Median vs prior 90 days−1.7%Compared with Apr 25 – Jul 24, 2026: prices down.
Based on 1,772 sales from Jul 24 – Oct 22, 2026 (1,468 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 462 Cheapside St
How much is 462 Cheapside St listed for?
462 Cheapside St is listed at $1,885,000 (MLS® X13491050). Summitly updates the price as soon as the MLS® record changes.
Has the price of 462 Cheapside St changed?
No — 462 Cheapside St is still listed at its original asking price of $1,885,000.
How many bedrooms and bathrooms does 462 Cheapside St have?
The listing for 462 Cheapside St doesn't publish its bedroom and bathroom count. It is a commercial property in London.
How does 462 Cheapside St compare with other homes in London?
Its asking price of $1,885,000 is about 237% above the median sold price in London over the last 90 days, $560,000, across 1,772 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 462 Cheapside St been sold before?
Summitly has no earlier MLS® sale or lease of 462 Cheapside St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 462 Cheapside St?
462 Cheapside St is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 462 Cheapside St been on the market?
119 days — 462 Cheapside St was listed on June 25, 2026.
What is the land transfer tax on 462 Cheapside St?
About $34,175 in Ontario land transfer tax at the asking price of $1,885,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 462 Cheapside St or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 462 Cheapside St?
The listing for 462 Cheapside St doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for London.
When was 462 Cheapside St built?
The listing for 462 Cheapside St doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.