1781 Wavell Street, London East, ON N5W 2E2
East M, London East · Near Merlin Cres · View map
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
The home
- Type
- Commercial retail
- Square footage
- 6960 sq ft
- Bathrooms
- 4
- Lot size
- 103.5 x 111.7 ft
- Approximate age
- 51-99 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Water Radiators
- Air conditioning
- Yes
Garage & parking
- Garage
- Outside/Surface
- Driveway spaces
- 25
- Total parking
- 25
Taxes & other
- Property taxes
- $10,462/yr
- Tax year
- 2025
- Occupancy
- Owner+Tenant
- Possession
- flexible
- Cross street
- Merlin Cres
- Neighbourhood
- East M
More
- MLS® number
- X12337556
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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.
1781 Wavell Street, London East, ON N5W 2E2
East M, London East · Near Merlin Cres
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Listing history for 1781 Wavell 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 1781 Wavell Street
Answers come straight from this home’s MLS® listing.
How much is 1781 Wavell Street listed for, and what would it cost each month?
1781 Wavell Street is listed for $2,400,000. With 20% down ($480,000), the mortgage payment would be roughly $9,681 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $10,553 a month, all in. That figure is an illustration, not a quote.
Is 1781 Wavell Street freehold or a condo, and is there a monthly fee?
1781 Wavell Street is a commercial retail in East M, 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 1781 Wavell Street have a garage and parking?
Yes. The listing shows the garage as outside/surface. The driveway adds 25 spaces. In total the listing counts 25 parking spaces.
What style of home is 1781 Wavell Street?
1781 Wavell Street is a commercial retail. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 1781 Wavell Street, and what is the lot size?
The lot is listed as 103.5 x 111.7 ft.
How is 1781 Wavell Street heated and cooled?
Heating is water radiators. Cooling is yes.
What are the property taxes for 1781 Wavell Street?
Property taxes are $10,462 a year (2025), or about $872 a month.
Where is 1781 Wavell Street?
1781 Wavell Street is in the East M community of London East. The nearest main intersection is Merlin Cres. The postal code is N5W 2E2.
Is 1781 Wavell Street still for sale?
Yes. It is an active listing (MLS® X12337556). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 1781 Wavell Street asking?
Similar properties for sale nearby right now include 750 Hamilton Road at $1,795,000, 523 Richmond Street at $2,250,000 and 1464 Crumlin Side Road at $2,690,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 1781 Wavell 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 1781 Wavell 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.
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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.