ONE PROPERTY. MULTIPLE INCOME STREAMS. PRIME DOWNTOWN LOCATION. An opportunity designed to get an investor's attention. This three-storey mixed-use property is ideally positioned just steps from Fanshawe College, Dundas Place, Budweiser Gardens, and Covent Garden Market, offering exceptional visibility, foot traffic, and long-term potential. The 1,330 sq. ft. main-floor commercial space is home to a well-established convenience store, successfully owner-operated since 1997, with strong goodwill and a loyal customer base. The business is listed separately and may be purchased with the building for the right buyer. Above are two spacious 3-bedroom residential units of approximately 1,093 sq. ft. and 963 sq. ft., providing additional rental income potential. With zoning allowing uses including retail, café, restaurant, bar, and personal services, the possibilities are broad. Three floors. Multiple revenue streams. One prime downtown address. Whether you're looking to maximize rental income, operate a business, or build a flexible investment portfolio, this property gives you the opportunity to do it all under one roof. (id:66096)
Property Details
MLS®
X13660732
Property Type
Retail
Business Type
Retail and Wholesale
Zoning
DA1
Interior Size
3,203 ft²
Lot Size
24 × 55 ft (1,311 sq ft)
Frontage
24 ft
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Property Tax
$9,787/yr
Listed
87 days ago
Services
Water
Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
87d
London East (East K) listings, avg age
87d
Price / ft²
$276
List price
$885K
Long Listed: 87 days on market, against an average age of 87 days across the listings currently for sale in this city
Market timing · days on market0 → 87d avg age of current listings
Long Listed · day 87
Haho
This retail in London East (East K) has been listed for 87 days, right at the city average. A solid opportunity worth looking into.
Listed by ROYAL LEPAGE TRILAND REALTY · SATYAM PRASHAR
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (N6A)
This home lists at $885,000, about 14.5× the local median household income of $61,200.
Carrying it typically needs a household income of about $172,871 (20% down, 25-yr amortization, stress-tested) — roughly 182% above the area median.
Median household income
$61,200
Population
13,810
Median age
34
Owner / renter
29% / 71%
Avg. household size
1.8
Source: Statistics Canada, 2021 Census (FSA N6A)
$885,000· $276/ft²
For sale
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