463 King Street
London East, ON
- 2 bed
- 2 bath
- approx. 2000-2500 sqft
- Detached
- 85 days on market
This detached mixed-use building offers approximately 1,200 sq. ft. of commercial office space on the main floor and a spacious 1,000 sq. ft. two-bedroom residential apartment on the second level. Thoughtfully and fully renovated with permits, the property has been restored with careful attention to preserving the character and charm of the original century building. Heritage features such as beautiful stained-glass accents and hardwood flooring have been retained and enhanced, while major building systems have been comprehensively upgraded, including plumbing, electrical, and fire separation, providing peace of mind for owners and tenants alike. This building is a turnkey opportunity for investors or owner-occupiers. The upper residential unit is currently tenanted, providing immediate rental income, while the main floor commercial space is leased until October 2026, offering future flexibility for an owner-user or new tenant. Ideally located within walking distance of public transit, restaurants, shops, and downtown amenities, the property also features ample on-site parking-a rare and highly desirable convenience in the downtown core. Whether you're looking to expand your investment portfolio, operate your business on the main floor while generating rental income from the residential unit above, or secure a well-maintained mixed-use asset with long-term upside, this property presents an exceptional opportunity.
Listing Details
- Taxes (2026)
- $4,200
- Listed
- June 16, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Age
- 100+
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Brick
- Interior
- Carpet Free, Separate Heating Controls, Separate Hydro Meter
- Lot Size
- 44.85 x 90.35 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 5
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Maitland Street
- Zoning
- OS
- Parcel Number
- 083170145
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- 2 fridges, 1 stove, 2 dishwashers, 1 microwave, 1 washer dryer
- Exclusions
- Tenants belongings
- Rental Items
- none
Schools
Secondary
- H B Beal Secondary School0.2 km
Public · Thames Valley DSB · 1525 students
Grade 10 literacy: 79% met the provincial standard
- Catholic Central High School0.3 km
Catholic · London District Catholic School Board · 1310 students
Grade 10 literacy: 89% met the provincial standard
- London Central Secondary School0.7 km
Public · Thames Valley DSB · 955 students
Grade 10 literacy: 91% met the provincial standard
Elementary
- Aberdeen Public School0.7 km
Public · Thames Valley DSB · 295 students
Grade 3 reading: 43% met the provincial standard · Grade 6 math: 33% met the provincial standard
- St Mary School0.7 km
Catholic · London District Catholic School Board · 230 students
Grade 6 math: 85% met the provincial standard
- Woodfield French Immersion Public School0.7 km
Public · Thames Valley DSB · 270 students
Grade 3 reading: 88% met the provincial standard · Grade 6 math: 52% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N6B
- Population
- 11,101
- Private dwellings
- 7,181
- Median age
- 38
- Average household size
- 1.6
- Median household income
- $49,200
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in London East · last 12 months
- Median sold price
- $460,750
- Homes sold
- 1,322
- Median days on market
- 25
- Sale-to-list price
- 97.0%
Based on 1,322 recorded sales of residential freehold properties in London East over the last 12 months.
Rooms
4-piece on Second, 4-piece on Ground
Second
- Bedroom 212' x 12'
- Kitchen18'1" x 7'10"
- Living Room12' x 12'2"
- Primary Bedroom13'7" x 10'1"
Listed by
REAL BROKER ONTARIO LTD
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$135,000
Estimated Monthly Payment
$3,316
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,316/mo (20% down, 5.5%)
Taxes: $350/mo · Insurance: $169/mo
Estimates only. Consult a financial advisor.
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