687 Cheapside St is a 2-bedroom, 2-bathroom detached home in London, listed for $389,900. It has 700-1100 sq ft of living space.
1With such a central location, rental demand is strong and steady.
2The 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.
3BasementApartment, Finished, as described in the listing.
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.
2 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $557 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 687 Cheapside St
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
700-1100 sq ftas stated on the listing
Parking
6 spaces
Basement
Apartment, Finished
Features & systems
Parking & garage
Parking spaces
6
Interior
Basement
Apartment · Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
687 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® X13783866$389,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 687 Cheapside St Compares to the London Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,915
/mo
based on the purchase price of $389,900
$77,980 cash
$311,920 financed
$262,719 total interest
Principal54%$311,920
Interest46%$262,719
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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.
Similar homes for sale nearby in London
Other 2–3 bed homes for sale in London around $390K.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.2%On average, homes sold below asking.
Active listings2,345Homes for sale here right now.
Median vs prior 90 days−0.8%Compared with May 8 – Aug 6, 2026: prices down.
Based on 1,702 sales from Aug 6 – Nov 4, 2026 (1,523 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 687 Cheapside St
How much is 687 Cheapside St listed for?
687 Cheapside St is listed at $389,900 (MLS® X13783866). Summitly updates the price as soon as the MLS® record changes.
Is $389,900 a good price for 687 Cheapside St?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in London. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 687 Cheapside St changed?
No — 687 Cheapside St is still listed at its original asking price of $389,900.
How many bedrooms and bathrooms does 687 Cheapside St have?
687 Cheapside St has 2 bedrooms and 2 bathrooms, with about 700–1,100 square feet of living space. It is a detached home in London.
How much would the monthly mortgage be on 687 Cheapside St?
About $1,915 a month — principal and interest on $389,900 with 20% down ($77,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 687 Cheapside St compare with other homes in London?
Its asking price of $389,900 is about 30% below the median sold price in London over the last 90 days, $560,750, across 1,702 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 687 Cheapside St been sold before?
Summitly has no earlier MLS® sale or lease of 687 Cheapside St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 687 Cheapside St?
687 Cheapside St is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 687 Cheapside St been on the market?
50 days — 687 Cheapside St was listed on September 15, 2026.
What is the price per square foot of 687 Cheapside St?
About $354 to $557 per square foot: the asking price of $389,900 over the 700–1,100 sq ft the listing gives as its size range.
Does 687 Cheapside St have parking or a garage?
Yes — the listing gives 6 parking spaces.
Does 687 Cheapside St have a basement, and is it finished?
The listing describes the basement as: Apartment, Finished.
