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$ 2,500,000
Est. payment /mo
New
1781 Wavell ST London East, ON N5W 2E2
4 Baths
6,960 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 6,960 sqft
Price per Sqft $359
Subdivision East M
MLS Listing ID X12337556
Building Age 51-99
Annual Tax Amount $10,462
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Prime London, Ontario Investment Opportunity 1781 Wavell Street, Turn-key, income-generating property featuring two established businesses Wavell Variety, and a fully equipped coin laundry plus three rental apartments, all in one package. Situated in a high-visibility location in East London, this mixed-use building offers a rare chance to own a money-making investment with 25 dedicated parking spaces for customers and tenants. The main floor boasts a busy variety store serving the local community and surrounding neighbourhoods, alongside a profitable coin-operated laundromat with a separate customer entrance. Upstairs, you'll find three well-maintained rental units, providing steady monthly income. Located near East Lion Community Centre, Kiwanis Park, Argyle Mall, Clarke Road Secondary School, and major transit routes, the property benefits from heavy foot traffic and strong tenant demand. Easy access to Highway 401makes it a convenient hub for both residential and commercial clients. This is a solid, long-term investment ideal for portfolio expansion or an owner-operator looking to run a business while earning rental income. Fire inspection and rental permit are approved. Fire extinguisher and the fire-resistant door installed.
Location
Province ON
County Middlesex
Community East M
Area Middlesex
Interior
Cooling Yes
Exterior
Community Features Public Transit, Recreation/Community Centre
Utilities Available Available
Lot Frontage 103.53
Lot Depth 111.68
Others
Security Features No
Listed by STREETCITY REALTY INC.