11-15 - 390 King Street

London East, ON

10,015 sqft • Office • 144 days on market

$575,000Price reduced 12%

Why Rent when you can Own? For the cost leasing, own your Space! Prime Downtown Commercial / Office / Retail / Recreational Condo Unit For Sale. Exceptional Value. Rare opportunity to acquire a 10,015 SF commercial condo unit in the heart of downtown London. Located at 390 King Street (London Towers) at the high-profile intersection of King St & Colborne St, this property offers excellent exposure within walking distance to key downtown landmarks including Delta Hotels London Armouries, Canada Life Place, Victoria Park & Richmond Row, offering immediate access to restaurants, retail & business services. Excellent opportunity for investors, professionals or businesses seeking a downtown presence at a highly competitive price point. Unit 11-15 consists of 10,015 SF of functional commercial space & is attractively priced at $575,000 ($65 PSF), representing outstanding value for downtown ownership. Property Highlights: - Total Area: 10,015 SF. - Asking Price: $575,000 ($65/PSF). - Property Taxes (2025): $10,577.94. - Condo Fees: $9,644.48/month (inclusive of common area maintenance, snow removal, building insurance & all utilities). - On-site underground parking available. - Prominent signage opportunity. - Ownership includes access to a wide range of building amenities, including indoor pool, fitness centre, sauna, party room & rooftop outdoor area. - The building features secure fob entry, is fully wheelchair accessible, and includes elevator access along with common washrooms on both the 1st & 2nd floors. - The unit is being offered under Power of Sale, presenting a unique opportunity for investors and owner-users. Zoning: DA2 & TSA5 - Retail stores, offices, Clinics / Medical / Dental, Commercial Recreational. Assembly halls, Place of worship, day care centres, financial, laboratories, Taverns, private clubs, personal service, etc.

Listing Details

Taxes (2025): $10,578
Originally Listed: $650,000
Listed: March 30, 2026

Price History

Listing history

Property

Lot Size: 192.76 x 331.15 Feet

Utilities

Sewer: Sanitary

Location & Legal

Cross Street: Located directly at the corner of the King Street and Colborne Street near Waterloo St.
Zoning: DA2 - Downtown Area Zone & TSA5
Parcel Number: 088270011
Possession: Immediate

Commercial

Business Type: Professional Office
Occupancy: Vacant
Office / Apartment Area: 10015 Sq Ft

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: $460,000
Homes sold: 1,318
Median days on market: 24
Sale-to-list price: 97.1%

Based on 1,318 recorded sales of commercial properties in London East over the last 12 months.

Listed by

CUSHMAN & WAKEFIELD SOUTHWESTERN ONTARIO