For Sale

1781 Wavell Street, London East, Ontario N5W 2E2

$2,500,000

1781 Wavell Street, London East, Ontario N5W 2E2 is For Sale and has a listing price of 2,500,000. The property is located in the London East . It's been on the website for 35 Days.

  • 4
    Bathrooms
  • MLS ID: X12337556
  • Office Name STREETCITY REALTY INC.
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. Inventory is extra

Property Details
  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: X12337556
  • Price: $2,500,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Lot Depth: 111.68
  • Ref ID: X12337556
  • Dir / Cross St: Merlin Cres
  • Status: Active
  • Tax Year: 2025
  • Approx Age: 51-99
  • Property Sub Category: Retail
Price History
List Date MLS ID List Price Status End Date Closed Price
08/11/2025 X12337556 $2,500,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
London East
  • $688,912 Average List Price
    based on 1 year
  • 336 New Listings
    based on 30 days
  • 67 Median Days on Market
    based on 1 year
  • List vs. Selling Price 179.96 % Up
  • Sold (12mo) 365
  • Rented (12mo) 110

  • 1 Month Change -25.6%
  • 3 Month Change -43.1%
  • 6 Month Change +11.6%
Walkscore
  • 57 Walk Score
    Somewhat Walkable
  • 48 Transit Score
    Some Transit
  • 47 Bike Score
    Somewhat Bikeable
Additional Details
  • Heat Type Water Radiators
  • Washroom Type1: 4
  • Garage Type Outside/surface
  • Parking Spaces: 25
  • Taxes: $10,462
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: flexible
  • Listing Entry Date: 11/08/2025 17:29:30
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