131 Waterloo Street

London East, ON

1,500 sqft
Commercial Retail
219 days on market

$549,000

Excellent opportunity to acquire a standalone commercial building in a high visibility location near downtown London. Positioned steps from the rapidly expanding SOHO residential redevelopment, this property is well situated for long term stability and future value growth as the neighbourhood continues to transform.The building is currently occupied by a convenience store; however, the business is not included in the sale and will be closed prior to possession. The property is best suited for continued convenience store or similar neighbourhood retail use. Importantly, the current retail use operates without requiring special municipal permits, allowing a new owner to continue convenience store operations seamlessly.With increasing population density and strong pedestrian activity driven by nearby redevelopment, this location offers reliable demand for neighbourhood serving retail. Ideal for buyers seeking a stable, ready to operate commercial asset in a revitalizing urban corridor.

Listing Details

Taxes (2026): $5,419
Listed: January 23, 2026

Price History

Listing history

Property

Lot Size: 51.06 x 66.91 Feet

Parking

Garage: Single Detached

Location & Legal

Cross Street: Waterloo St @ Hill St
Zoning: R3-1
Parcel Number: 083290072
Possession: Flexible
Occupancy: Owner

Included

Inclusions: Nothing included.
Exclusions: N/A
Rental Items: Hot water tank

Property Insights

treed lot

AI-generated from listing photos. Not professional advice.

Community

Postal area N6B

Population: 11,101
Private dwellings: 7,181
Median age: 38
Average household size: 1.6
Median household income: $49,200

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: $462,500
Homes sold: 1,302
Median days on market: 24
Sale-to-list price: 97.0%

Based on 1,302 recorded sales of commercial properties in London East over the last 12 months.

Listed by

RE/MAX ICON REALTY

Walk Score

Walk Score is unavailable for this address right now.

Location

Street View

Commercial figures

Building area: 1,500 sq ft
Price per sq ft: $366.00
Annual property tax: $5,419
Tax per sq ft: $3.61

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

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