The Opportunity
Overview
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 (id:61970)
Investment highlights
- 01Retail
Property details
- Property type
- Retail
- Transaction
- sale
- Site area
- 0.291 acres
- Listing brokerage
- RIGHT AT HOME REALTY
- Listing representative
- YOUNGMIN KIM
- Board / association
- London and St. Thomas
Financial information
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Location intelligence
Documents
Source Record
Current listing facts, with attribution intact.
- Source
- REALTOR.ca DDF®
- Listing status
- active
- Source ID
- 28717700
- Last supplied
- August 25, 2026
- Listing brokerage
- RIGHT AT HOME REALTY
- Listing representative
- YOUNGMIN KIM
- Board / association
- London and St. Thomas
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Listing brokerage: RIGHT AT HOME REALTY · Listing representative: YOUNGMIN KIM · Board/association: London and St. Thomas · Updated: Aug 25, 2026
Listing content is supplied through REALTOR.ca DDF®. Information is deemed reliable but is not guaranteed and should be independently verified. Commercially is not the listing brokerage unless expressly stated.
