273 Thompson Road

London South, ON

8 bath
6,092 sqft
Commercial Retail
212 days on market

$799,000

Excellent opportunity to own a Multiple use commercial unit currently being used as a boarding house with CC1 and R11 zoning permitting convenience store, office, dental, professional, Personal or convenience service, Bank or other financial Institution, combined use of residential cum commercial also possible. Turnkey investment opportunity producing exceptional income. Presently well maintained by Professional property management company- Licenced 9 bedroom lodging house with 7 one-bedroom units with 7 bathrooms and a shared kitchen and 1 two-bedroom unit with its own kitchen, bathroom and living room. Currently fully leased. Roof 2021, HVAC 2019, wiring 2019, plumbing 2019, coin operated laundry 2020. Large lot with possibility to split add ARU. Reliable Cash Surplus investment.

Listing Details

Taxes (2025): $5,767
Listed: February 11, 2026

Price History

Listing history

Property

Age: 51-99
Lot Size: 40.02 x 152.8 Feet

Parking

Garage: Single Detached

Utilities

Sewer: Septic

Location & Legal

Cross Street: Thompson Rd and Emerson Ave
Zoning: R11 & CC1
Possession: 90+ days
Occupancy: Tenant

Commercial

Business Type: Other
Office / Apartment Area: 1950 Sq Ft

Included

Inclusions: Everything except tenants belongings.
Exclusions: None
Rental Items: None

Community

Postal area N5Z

Population: 24,067
Private dwellings: 11,008
Median age: 40
Average household size: 2.3
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 South · last 12 months

Median sold price: $585,000
Homes sold: 1,900
Median days on market: 27
Sale-to-list price: 97.5%

Based on 1,900 recorded sales of commercial properties in London South over the last 12 months.

Listed by

CENTURY 21 PEOPLE`S CHOICE REALTY INC.

Walk Score

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Location

Street View

Commercial figures

Building area: 6,092 sq ft
Price per sq ft: $131.16
Annual property tax: $5,767
Tax per sq ft: $0.95

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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