131 Waterloo Street
East K, London East, N6B 2M7
$519,000
Listed 102 days ago · MLS® X13551696
About this home
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.
Details
- Type
- Commercial Retail
- Lot
- 51.06 × 66.91 ft
- Garage
- Single Detached
- Property tax
- $5,419 (2026)
- Neighbourhood
- East K
- Municipality
- London East
Heating, cooling and services
- Heating
- Gas Forced Air Open
- Air conditioning
- Yes
- Utilities
- Yes
Building and exterior
- Building area
- 1,500 Square Feet
More
- Possession
- 45 Days / TBA
- Cross street
- Waterloo St & Hill St
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.
The neighbourhood
Getting around Somewhat walkable
No subway, LRT or GO station within a short trip.
Within a 10-minute walk: no grocery stores, 19 cafés and restaurants, 9 parks. Nearest park: Meredith Park (500 m).
Schools nearby
Elementary
- Aberdeen Public School
EQAO: Gr 6 reading 65%, math 33%13 min walk - Tecumseh Public School
EQAO: Gr 6 reading 83%, math 53%15 min walk - Holy Rosary Separate School Catholic
EQAO: Gr 6 reading 80%, math 24%1.4 km - St. Martin Separate School Catholic
EQAO: Gr 6 reading 87%, math 42%1.5 km
Secondary
- London South Collegiate Institute
EQAO: Gr 9 math 49%, literacy test 73%16 min walk - H.B. Beal Secondary School
EQAO: Gr 9 math 56%, literacy test 79%17 min walk - Catholic Central High School Catholic
EQAO: Gr 9 math 57%, literacy test 89%18 min walk
EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.
Closest schools, not school zones. Check which school serves this address with the school board before relying on it.
Who lives here postal area N6B
- Owners / renters
- 23% / 77%
- Median household income
- $49,200
- Average age
- 42
- Children under 15
- 8%
- Homes
- 13% detached, 42% high-rise
- Commute by transit
- 14%
- Population
- 11,101
Languages spoken most at home besides English: Spanish 1.1%, Portuguese 0.8%, Arabic 0.6%, Polish 0.5%.
Safety
Crime Severity Index for London police: 73 vs 57 for Ontario (2025).
Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.
Living here
Commute
To downtown London: 1 km. Transit times · Driving times
Noise Nothing major nearby
No highway within 500 m, rail line within 300 m, or airport flight path nearby.
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by HOMELIFE FRONTIER REALTY INC..
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
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