703 Central Avenue
London East, ON
1,892 sqft • Sale Of Business • 106 days on market
Welcome to 703 Central Avenue in London - a turnkey opportunity to purchase both a successful auto repair business and the real estate it operates from. This 1,892 sq. ft. building is situated on approximately 0.0183 acres and is fully equipped with two drive-in service bays, overhaul space, inventory/storage room, office/reception area, second-floor office, and washroom. The property features a long driveway with parking for 13+ vehicles, along with additional parking at the rear and side of the building. Positioned in a high-visibility, well-established corridor, the site benefits from favourable zoning of R3-2/RSC3(8)/LI8, permitting continued automotive use and offering an excellent setup for seamless operation or future strategic growth.Designed for owner-operators or investor-entrepreneurs, this facility provides the ability to take control of operations while generating immediate revenue.
Listing Details
- Taxes (2025)
- $2,539
- Listed
- May 8, 2026
Price History
Listing history
Sign in to view
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
Commercial figures
- Building area
- 1,892 sq ft
- Price per sq ft
- $237.79
- Annual property tax
- $2,539
- Tax per sq ft
- $1.34
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?