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650 Cheapside Street 605, London East, ON N5Y 5J8

1 bed · 1 bath · 1 kitchen · 4 rooms · 2 parking spaces · 700-799 sq ft · Condo Apartment
$219,900

Utilities includedWater

Also includedBuilding Insurance

Maintenance fee
$436 / month
Property tax
$1,375 / year
Included in the fee
Water, Building Insurance

Top floor with gorgeous view that overlooks the tree tops and parking area. Very desirable unit that's warmer in the winter and cooler in the summer. Freshly painted with modern laminate flooring. Large storage room for off-season sports equipment and extra closet space with laundry in unit. Granite kitchen counter top and 5 appliances. Prime location between Western and Fanshawe that offers multiple amenities. Well maintained complex that is tucked away from high traffic. Economically friendly. Welcome to Victoria Place

MLS number
X13767890
Type
Condo Apartment
Status
Active
Bedrooms
1
Bathrooms
1
Postal code
N5Y 5J8
Photos
20
Included in the fee
Water, Building Insurance
1days · this listing
287days · this property (7 listings)

This home has been listed 7 times in the last two years. "This property" adds up the days each of those listings was actually on the market before being withdrawn, suspended or expiring — the quiet months between them are not counted.

Listing history

287 days on the market across 7 listings
This listing shows 1 day on its own. The counter restarts each time a property is relisted, so the total above is how long it has actually been for sale. Time when it was off the market is not counted.

This address has been listed 7 times.

Sale history is for registered usersSee what this address sold for and when, across all 7 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this home is

Where this address sits, matched against open government data.

Matched to the building rather than the unit — every unit in a tower shares one coordinate.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
St Michael Separate School
London District Catholic School Board
Elementary661 m7.5 / 10
75% met the standard
Northbrae Public School
Thames Valley DSB
Elementary913 m5.1 / 10
51% met the standard
Knollwood Park Public School
Thames Valley DSB
Elementary697 m5.4 / 10
54% met the standard
École élémentaire catholique Monseigneur-Bruyère
Conseil scolaire catholique Providence
Elementary957 mNot reported
École secondaire catholique Monseigneur-Bruyère
Conseil scolaire catholique Providence
Secondary972 m7.5 / 10
75% met the standard · 2 of 6 measures
École élémentaire Gabriel-Dumont
CS Viamonde
Elementary971 mNot reported
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

The market around this home

Condo Apartments in London East — 309 sales over the last five years. Too few sold in this community to chart it on its own, so this is the whole city.

Median sold priceWhat comparable homes actually sold for
$218k$278k$338k20252026this home’s asking price
$276klatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
95%98%100%20252026the asking price
96%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
-1d20d40d20252026
37dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the sales that closed in that quarter among condo apartments in london east. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 546 people.

$64,500Median household income
49.1%Own their home
45.1%Detached houses
37.2Median age
11.6%Born outside Canada
24.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35390631 — the few blocks around this address, home to 546 people. It describes the area, not this property.

546Population
40.6Average age
2.1Household size
$80,000Average household income
$64,500Median household income
49%Own their home
51%Rent
23%Condominiums
12%Born outside Canada
25%University degree
$375,000Average home value
14%Low income
48%Not in the labour force
39%Never married
Under $5,0002%
$15,000 to $19,9992%
$20,000 to $24,9993%
$25,000 to $29,9992%
$30,000 to $34,9995%
$35,000 to $39,9993%
$40,000 to $44,9993%
$45,000 to $49,9995%
$50,000 to $59,99913%
$60,000 to $69,9997%
$70,000 to $79,9997%
$80,000 to $89,99910%
$90,000 to $99,9995%
$100,000 and over18%
$100,000 to $124,9998%
$125,000 to $149,9993%
$150,000 to $199,9995%

Percentages are of the 305 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$43,980 · minimum here is $10,995
$973.67per month
Borrowed before insurance$175,920
Total borrowed$175,920
Interest over 25 years at 4.5%$116,181

If you rented it out

Monthly rent starts from the median of recent 1-bedroom leases in London East. Change it to anything you like.

$163.75per month left over
Rent$1,688.00
Everything it costs to hold$1,524.25
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

What this building rents and sells for

Closed transactions at 650 Cheapside over the last 24 months — not estimates.

SizeMedian rentMedian priceGross yieldBased on
2 bed$1,950/mo$235,00010.0%3 leases · 5 sales
All sizes$1,850/mo$275,0008.1%5 leases · 7 sales
How this is calculated

Every figure is a transaction that actually closed in this building, taken from the board’s records over the last 24 months. Rents and prices are medians, not averages, so a single penthouse sale does not distort the picture. Rows appear only where there were at least 3 leases and 3 sales of that size.

Rent and price are matched by bedroom count on purpose. Dividing a one-bedroom’s rent by a three-bedroom’s price would produce a yield for a home that does not exist.

This is a gross yield. Annual rent divided by price, with nothing deducted — no condo fees, property tax, insurance, vacancy, maintenance or financing. A net figure would depend on assumptions particular to a buyer, and inventing those on your behalf would make the number look more precise than it is. Expect the net return to be materially lower.

Source: closed transactions reported to the Toronto Regional Real Estate Board.

Listed by ROYAL LEPAGE TRILAND REALTY. Listing data provided by the Toronto Regional Real Estate Board.