580 Waterloo Street
London East, ON
3,022 sqft • Office • 136 days on market
Fantastic opportunity for investors or business office with income to cover expenses. Welcome to 580 Waterloo St., a freestanding, mixed use 2 story building, with many updates and improvements. The main and upper floors comprising of 2275 Sq Ft of office space, and 2 residential units in the basement. The upper office tenant is currently leased until August 31, 2026 and main floor office tenants renewed their lease for another 3 years until December 31, 2028. with an option for either party to terminate with 6 months notice. An ideal situation for an investor to occupy or pick you own tenants and lease. Current financial information is based on present income and potential market rents. Office tenants pays electricity, gas and water. Residential tenants rent includes $95/$79 toward water. Some of the updates include furnaces, central airs and water heaters. Replaced rear porch. Renovated front porch. Replaced commercial outside doors (front & rear). Outside lighting, brick repointing and replacement as needed. Replaced rear eaves and downspouts. Updated one basement res unit after tenant vacated. Gross Income $85,728 net Income $63,536.. for a 6.3 Cap rate
Listing Details
- Taxes (2025)
- $13,773
- Listed
- April 7, 2026
Price History
Listing history
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Property
- Age
- 51-99
- Lot Size
- 53 x 131 Feet
Utilities
- Water
- Water System
Location & Legal
- Cross Street
- Central
- Zoning
- R3-2 OC2
- Parcel Number
- 082700040
- Possession
- Flexible
Commercial
- Business Type
- Professional Office
- Occupancy
- Tenant
- Office / Apartment Area
- 2276 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
PRIME REAL ESTATE BROKERAGE
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