703 Central Avenue
London East, ON
1,892 sqft • Sale Of Business • 282 days on market
Welcome to 703 Central Avenue in London! This property offers turnkey opportunity to own both a thriving auto repair business and the accompanying real estate. This 1,892 square foot building sits on approximately 0.0183 acres and is fully outfitted with two drive-in service bays, overhaul space, inventory/storage room, office/reception, 2nd floor office, and washroom. Long driveway with parking for 13+ vehicles, plus plenty of parking around back and side. Located in a high-visibility, well-established corridor, the property benefits from favorable zoning (R3-2/RSC3(8)/LI8) that permits continued automotive use-ideal for seamless operation or strategic expansion.The facility is optimized for owner-operators or investor-entrepreneurs looking to capture operational control and immediate revenue. The included equipment package-featuring hoists, lifts, diagnostic systems, and tooling-eliminates the need for significant upfront investment and allows for instant service continuity. Buyer to verify completion and status of municipal approvals.
Listing Details
- Taxes (2025)
- $2,539
- Originally Listed
- $599,000
- Listed
- November 13, 2025
Price History
Listing history
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Property
- Lot Size
- 37 x 158 Feet
Location & Legal
- Cross Street
- Central & Elizabeth
- Zoning
- R3-2, RSC3(8) LI8
- Parcel Number
- 082800025
- Possession
- Flexible
Commercial
- Business Type
- Automotive Related
- Occupancy
- Owner
- Office / Apartment Area
- 192 Sq Ft
Included
- Inclusions
- See equipment list
- Exclusions
- See equipment list
- Rental Items
- None
Community
Postal area N5W
- Population
- 24,740
- Private dwellings
- 12,388
- Median age
- 40.4
- Average household size
- 2.1
- Median household income
- $64,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in London East · last 12 months
- Median sold price
- $460,000
- Homes sold
- 1,317
- Median days on market
- 24
- Sale-to-list price
- 97.1%
Based on 1,317 recorded sales of commercial properties in London East over the last 12 months.
Listed by
PRIME REAL ESTATE BROKERAGE
Location
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