131 Waterloo Street, London East, ON N6B 2M7
East K, London East · Near Waterloo St & Hill St · View map
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.
The home
- Type
- Commercial retail
- Square footage
- 1500 sq ft
- Lot size
- 51.1 x 66.9 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Open
- Air conditioning
- Yes
Garage & parking
- Garage
- Single Detached
- Driveway spaces
- 8
- Total parking
- 8
Taxes & other
- Property taxes
- $5,419/yr
- Tax year
- 2026
- Occupancy
- Owner
- Possession
- 45 Days / TBA
- Cross street
- Waterloo St & Hill St
- Neighbourhood
- East K
More
- MLS® number
- X13551696
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
131 Waterloo Street, London East, ON N6B 2M7
East K, London East · Near Waterloo St & Hill St
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Listing history for 131 Waterloo Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 131 Waterloo Street
Answers come straight from this home’s MLS® listing.
How much is 131 Waterloo Street listed for, and what would it cost each month?
131 Waterloo Street is listed for $519,000. With 20% down ($103,800), the mortgage payment would be roughly $2,094 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2,545 a month, all in. That figure is an illustration, not a quote.
Is 131 Waterloo Street freehold or a condo, and is there a monthly fee?
131 Waterloo Street is a commercial retail in East K, London East. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 131 Waterloo Street have a garage and parking?
Yes. The listing shows the garage as single detached. The driveway adds 8 spaces. In total the listing counts 8 parking spaces.
What style of home is 131 Waterloo Street?
131 Waterloo Street is a commercial retail. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 131 Waterloo Street, and what is the lot size?
The lot is listed as 51.1 x 66.9 ft.
How is 131 Waterloo Street heated and cooled?
Heating is gas forced air open. Cooling is yes.
What are the property taxes for 131 Waterloo Street?
Property taxes are $5,419 a year (2026), or about $452 a month.
Where is 131 Waterloo Street?
131 Waterloo Street is in the East K community of London East. The nearest main intersection is Waterloo St & Hill St. The postal code is N6B 2M7.
Is 131 Waterloo Street still for sale?
Yes. It is an active listing (MLS® X13551696). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 131 Waterloo Street asking?
Similar properties for sale nearby right now include 247 Wellington Street at $525,000, 356 RICHMOND Street at $549,000 and 452 Horton Street at $599,900. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 131 Waterloo Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 131 Waterloo Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near East K, picked by style, size and price.
Commercial retail$525,000247 Wellington Street, London EastEast KCourtesy of: SUTTON GROUP - SELECT REALTYView home →
Store w apt / office$549,000356 RICHMOND Street, London EastEast KCourtesy of: THRIVE REALTY GROUP INC.View home →
Store w apt / office$599,900452 Horton Street, London EastEast KCourtesy of: BLUE FOREST REALTY INC.View home →Courtesy of: HOMELIFE FRONTIER REALTY INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.