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$2,400,000
London East
1781 Wavell Street, London East (East M), Ontario, N5W2E2
This retail property in London East is for sale offering roughly 6,960 sq ft of space.
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. Inventory is extra (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 450 days on market, against an average age of 55 days across the listings currently for sale in this city
This retail in London East (East M) 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 $2,400,000, about 37.2× the local median household income of $64,500.
Carrying it typically needs a household income of about $468,804 (20% down, 25-yr amortization, stress-tested) — roughly 627% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5W)
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