4 Bathroom
6,960 ft2
Fully Air Conditioned
Hot Water Radiator Heat
$2,500,000
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. (id:50976)
Business
|
Business Type
|
Retail and Wholesale |
|
Business Sub Type
|
Retail misc. |
Property Details
|
MLS® Number
|
X12337556 |
|
Property Type
|
Retail |
|
Community Name
|
East M |
|
Amenities Near By
|
Public Transit, Recreation |
|
Features
|
Irregular Lot Size |
|
Parking Space Total
|
25 |
Building
|
Bathroom Total
|
4 |
|
Age
|
51 To 99 Years |
|
Cooling Type
|
Fully Air Conditioned |
|
Heating Type
|
Hot Water Radiator Heat |
|
Size Interior
|
6,960 Ft2 |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Land Amenities
|
Public Transit, Recreation |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
111 Ft ,8 In |
|
Size Frontage
|
103 Ft ,6 In |
|
Size Irregular
|
0.291 |
|
Size Total
|
0.291 Ac |
|
Size Total Text
|
0.291 Ac |
|
Zoning Description
|
Cc |
https://www.realtor.ca/real-estate/28717700/1781-wavell-street-london-east-east-m-east-m
