About this property

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

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X12337556
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	6,960 sq ft
Beds / Baths	0 bed · 4 bath
Neighbourhood	East M
City	London East
Postal Code	N5W 2E2
Province	ON
Listed Date	August 11, 2025
Days on Market	360
Price per Sq Ft	$359
Brokerage	RIGHT AT HOME REALTY