$ 1,069,000
580 Waterloo Street
580 Waterloo Street, London East, ON N6B2P9 Photo 1
42 Photos
580 Waterloo Street, London East, ON N6B2P9 Photo 2
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580 Waterloo Street, London East

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 now month to month and the 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 (id:1945)
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Property details for 580 Waterloo Street, London East

Type
Commercial
Living Area
3,022 square feet
Lot Size
Bldg=53 x 131 FT
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Annual Taxes
$13,773 (2026)

Nearby Listings Stat

Estimated price and comparable properties near 580 Waterloo Street

Active Listings
254
Min Price
$1
Max Price
$8,250,000
Avg Price
$683,208
Days on Market
74
days
Sold Listings
91
Min Sold Price
$45,000
Max Sold Price
$3,800,000
Avg Sold Price
$605,265
Days until Sold
73
days

Neighbourhood Census Data

London, Ontario

Population
571
Median Age
33.1
Median Income
$23,248
Dwelling Value
$341,054

Housing Tenure

Owners 15%
Renters 83%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 1.6
Pop. Density: 5,195.6/km²
Avg Shelter Cost: $1,663/mo
Owners with Mortgage: 50%
Owners Spending 30%+: 30%
Tenants Spending 30%+: 43.6%
English only: 83.5%
English and French: 14.8%
Median Household Income: $32,896
Median Employment Income: $25,259

Price History

Listed
April 8, 2026
by PRIME REAL ESTATE BROKERAGE
Current Price
$1,069,000
Type
Commercial
For Sale
580 Waterloo Street

Contact Agent Get in touch about 580 Waterloo Street, London East

TREVOR TYSON
TREVOR TYSON
PRIME REAL ESTATE BROKERAGE

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