225 WELLINGTON STREET, London East (East K)
$600,000
For sale: Other
- Property type
- Store W Apt/Office
- MLS®
- MLS® X13423954
- Neighbourhood
- East K
Live/work in a property with commercial space with outstanding exposure to over 80,000 cars daily and beautiful home at the back, in the heart of Downtown London. Zoning allows for many uses, from a bakery (equipment negotiable) to yoga/fitness, retail, or office. The lower level adds 1,485 sq. ft. of storage/workshop space for extra functionality. The back half of the building is a spacious two-bedroom plus loft home with vaulted ceilings, a large 9 x 6 bathroom with walk-in shower, bright living areas, and generous bedrooms. Step outside to a sprawling deck overlooking a landscaped, fully fenced yard with fruit trees and gardens. Parking for potentially up to four vehicles adds convenience, while recent upgrades include a newer roof, newer windows, and excellent insulation. This property offers incredible flexibility: live in the back and operate your business in the front, rent the residential side while using the commercial space, or live in the home and lease the storefront as a mortgage helper. Separate commercial taxes ($4,232.87) and residential taxes ($1,260.93) help keep ownership efficient. Seller is open to VTB, creating even more opportunity. With its incredible exposure, versatile zoning, city water connection updated in 2024, and move in ready home, this property is ideal for entrepreneurs, investors, or anyone seeking a perfect live/work setup in a high visibility downtown location
Sold data
Other homes in London East (East K) — recent sold market
Other homes in London East (East K) took a median of 21 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 31 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.
The median sale price was $575,000.
Homes sold for about 2.2% below asking on average, so there was room to negotiate.
About 19% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
- Median days to sell
- 21
- Median sale price
- $575,000
- Sale-to-list ratio
- 97.8%
- Sold above asking
- 19%
Based on 31 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
Schools in London East (East K)
London East (East K) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.
- Rated schools
- 116
- Elementary
- 97
- Secondary
- 19
- Average rating
- 5.5 / 10
Top-rated schools in London East (East K)
- John Dearness — elementary, LondonFraser rating 9.8/10
- St George — elementary, LondonFraser rating 9.1/10
- Jack Chambers — elementary, LondonFraser rating 8.8/10
- Sir Arthur Currie — elementary, LondonFraser rating 8.8/10
- London Central — secondary, LondonFraser rating 8.7/10
- Ryerson — elementary, LondonFraser rating 8.7/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
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