1781 Wavell Street
East M, London East, N5W 2E2
$2,400,000
Reduced $100,000 from $2,500,000
- 4 bathrooms
Listed 435 days ago · MLS® X12337556
About this home
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
Details
- Type
- Commercial Retail
- Age
- 51-99 years
- Lot
- 103.53 × 111.68 ft
- Garage
- Outside/Surface
- Property tax
- $10,462 (2025)
- Neighbourhood
- East M
- Municipality
- London East
Interior
- Bathrooms
- 4 × bathroom
Heating, cooling and services
- Heating
- Water Radiators
- Air conditioning
- Yes
- Water and sewer
- Sanitary
- Utilities
- Available
Building and exterior
- Age
- 51-99 years
- Building area
- 6,960 Square Feet
More
- Possession
- flexible
- Cross street
- Merlin Cres
- Business type
- Retail Store Related
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
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The neighbourhood
Getting around Walkable
No subway, LRT or GO station within a short trip.
Within a 10-minute walk: 4 grocery stores, 10 cafés and restaurants, 2 parks, 4 pharmacies. Nearest grocery: Walmart Supercentre (750 m). Nearest park: East Lions Park (350 m).
Schools nearby
Elementary
- Princess Anne French Immersion Public School
EQAO: Gr 6 reading 98%, math 54%10 min walk - St. Pius X Catholic School Catholic
EQAO: Gr 6 reading 71%, math 25%11 min walk - London Christian Elementary School Private11 min walk
- Prince Charles Public School
EQAO: Gr 6 reading 39%, math 9%14 min walk
Secondary
- Clarke Road Secondary School
EQAO: Gr 9 math 45%, literacy test 61%9 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 N5W
- Owners / renters
- 59% / 41%
- Median household income
- $64,500
- Average age
- 42
- Children under 15
- 13%
- Homes
- 56% detached, 9% high-rise
- Commute by transit
- 8%
- Population
- 24,740
Languages spoken most at home besides English: Spanish 1.3%, Portuguese 1%, Punjabi (Panjabi) 0.5%, 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: 6 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 RIGHT AT HOME REALTY.
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
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