581 W William Street S, London East, ON N6B 3E8
East B, London East · Near Central and William · View map
About this home
Outstanding investment! 7 Vacant Units Name your own rents! In the heart of Woodfield!This legal seven-unit residential building is ideally situated at the corner of William Street and Central Avenue, close to Richmond Row , Victoria Park, Central Medical Complex , .All seven units are currently vacant, giving a new owner the opportunity to renovate, reposition and establish current new Rents with potential to produce $9100 Monthly or $109,000,00 Anualy. The property features seven separately metered units, plus an additional house hydro meter. Parking is available at both the front and rear of the property, with additional street parking nearby.The units require updating and TLC, providing excellent potential to enhance the building and create strong future revenue. This is an ideal addition to an investment portfolio, or an excellent opportunity for an owner-occupier to live in the spacious front unit while generating income from the remaining six apartments.VTB possibly available to approved individuals , Some pictures have been AI enhanced
The home
- Type
- Investment
- Square footage
- 3200 sq ft
- Lot size
- 45.8 x 75.3 ft
- Approximate age
- 51-99 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Baseboard
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $14,445/yr
- Tax year
- 2025
- Occupancy
- Vacant
- Possession
- 30-59 days
- Cross street
- Central and William
- Neighbourhood
- East B
More
- MLS® number
- X14129506
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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.
581 William Street, London East, ON N6B 3E8
East B, London East · Near Central and William
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Listing history for 581 William 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 581 W William Street S
Answers come straight from this home’s MLS® listing.
How much is 581 W William Street S listed for, and what would it cost each month?
581 W William Street S is listed for $875,000. With 20% down ($175,000), the mortgage payment would be roughly $3,530 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $4,733 a month, all in. That figure is an illustration, not a quote.
Is 581 W William Street S freehold or a condo, and is there a monthly fee?
581 W William Street S is a investment in East B, 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 581 W William Street S have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
What style of home is 581 W William Street S?
581 W William Street S is an investment. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 581 W William Street S, and what is the lot size?
The lot is listed as 45.8 x 75.3 ft.
How is 581 W William Street S heated and cooled?
Heating is baseboard. The listing does not show air conditioning.
What are the property taxes for 581 W William Street S?
Property taxes are $14,445 a year (2025), or about $1,204 a month.
Where is 581 W William Street S?
581 W William Street S is in the East B community of London East. The nearest main intersection is Central and William. The postal code is N6B 3E8.
Is 581 W William Street S still for sale?
Yes. It is an active listing (MLS® X14129506). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 581 W William Street S asking?
Similar properties for sale nearby right now include 425-427 William Street at $849,900, 587 Lambton Street at $864,900 and 846 N Richmond Street at $1,040,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 581 William 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 581 W William Street S?
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.