131 Waterloo Street, London East (East K), Ontario, N6B2M7




$519,000
London East
This retail property in London East is for sale offering roughly 1,500 sq ft of space.
Excellent opportunity to acquire a freestanding commercial building in a high-visibility location near downtown London. Positioned steps from the rapidly expanding SOHO residential redevelopment, the property is well placed to benefit from increasing population density, pedestrian traffic, and ongoing neighbourhood revitalization. Currently operated as a convenience store, the business is not included in the sale and will close prior to possession, giving a new owner the opportunity to establish their own convenience store or compatible neighbourhood retail operation. The property offers strong street exposure, an established commercial presence, and convenient access to a growing residential customer base. Its existing retail use may also provide a smoother transition for buyers seeking to continue a similar operation, subject to verification of intended use, licensing, and municipal requirements. With its freestanding configuration, prominent location, and proximity to significant residential redevelopment, this property is an attractive opportunity for an owner-operator, investor, or entrepreneur seeking long-term growth potential in one of London's evolving urban corridors. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 118 days on market, against an average age of 87 days across the listings currently for sale in this city
This retail in London East (East K) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $519,000, about 10.5× the local median household income of $49,200.
Carrying it typically needs a household income of about $101,379 (20% down, 25-yr amortization, stress-tested) — roughly 106% above the area median.
Source: Statistics Canada, 2021 Census (FSA N6B)
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