$1,750,000
For sale: Other

EXCEPTIONAL EXPOSURE ON WHARNCLIFFE RD S! High-profile 3,000 SF commercial building on a 10,000+ SF lot with 36,000+ daily vehicle traffic. Features AC4/AC5 zoning allowing for a massive variety of uses. Ideal for turnkey automotive, versatile retail/office, or redevelopment. The current layout features 2 bay doors, a customer waiting area with reception, 2 bathrooms, and upper-level office/storage. The price does not include the business. Opportunity to lease back the unit to the business or buy the business. Extensively updated in 2017, plus a new roof and wastewater/oil separator in 2021. Additional perks include a massive double-sided LED street sign and a fully fenced yard with a secure storage compound. A rare find on a main arterial road!
Sold data
Other homes in London South (South E) took a median of 20 days to sell over the last 730 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 62, across 30 recorded sales.
The median sale price was $587,000.
Homes sold for about 2.1% below asking on average, so there was room to negotiate.
About 20% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
Based on 30 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
London South (South E) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.
School ratings from the Fraser Institute's Ontario school report cards.
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