1188 Frances Street

London East, ON

2 bath
2,696 sqft
Industrial
77 days on market

$899,000

Located at the corner of Frances and Ashland, rare opportunity to purchase an industrial building plus a single family residence municipally known as 1188 Frances Street and 295 Ashland Avenue. Building consists of 2,696 square feet including 715 square feet of office space and 2 washrooms. Two warehouse areas of 713 and 1,268 square feet. Building has been well maintained. Ceramic flooring and drywall replaced in the office area, new HVAC in 2019 and the front roof area also replaced in 2019. Single family residence consisting of 3 bedrooms with full basement is in the process of being fully renovated including new kitchen, completely new bath, flooring, trim etc. Market rent estimated at $1,800.00. Light industrial zoning-LI1, LI7 & LI8 permits a wide array of uses including building/contracting establishments, warehouse & wholesale establishments, service repair establishments, light manufacturing. Lot area of 9235.43 sq. ft (0.212 ac) with lot dimensions of 31.08x150.99x154.81x36.78x23.76x114.21. Ample on site parking.

Listing Details

Taxes (2025): $4,607
Listed: June 26, 2026

Price History

Listing history

Property

Lot Size: 31.08 x 150.99 Feet

Parking

Garage: None

Location & Legal

Cross Street: Ashland
Zoning: LI1, LI7 & LI8, R2-2
Parcel Number: 082980053
Possession: 90+ days
Occupancy: Owner+Tenant

Commercial

Business Type: Warehouse
Office / Apartment Area: 715 Sq Ft

Included

Rental Items: water heater if rented

Community

Postal area N6G

Population: 50,940
Private dwellings: 20,315
Median age: 36.4
Average household size: 2.7
Median household income: $96,000

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: 1,330
Median days on market: 25
Sale-to-list price: 97.0%

Based on 1,330 recorded sales of commercial properties in London East over the last 12 months.

Listed by

RE/MAX CENTRE CITY REALTY INC.

Walk Score

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Location

Street View

Commercial figures

Building area: 2,696 sq ft
Price per sq ft: $333.46
Annual property tax: $4,607
Tax per sq ft: $1.71

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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