247 WELLINGTON STREET, London East (East K)
$525,000
For sale: Other
- Property type
- Commercial Retail
- MLS®
- MLS® X13227074
- Neighbourhood
- East K
An exceptional opportunity to own a prominently located commercial building on a high-traffic main road, just minutes from downtown. This versatile property is perfect for entrepreneurs or investors seeking a strategic location with proven success. The current owner has operated a thriving business here for over 30 years, underscoring the locations strong commercial potential. The building includes a three-bedroom apartment on the upper level, ideal for owner occupancy or rental income. Whether you're looking to expand your business or invest in a well positioned property, this is a rare opportunity you wont want to miss.
Sold data
Homes in East K — recent sold market
Homes in East K took a median of 39 days to sell over the last 365 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 80, across 79 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 89 days.
The median sale price was $319,900.
Homes sold for about 4.1% below asking on average, so there was room to negotiate.
About 9% of sales closed above the list price.
Around 34% of sellers reduced their price before finding a buyer.
- Median days to sell
- 39
- Median sale price
- $319,900
- Sale-to-list ratio
- 95.9%
- Sold above asking
- 9%
Based on 79 recorded sales in the last 1 year — 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
Homes for sale near 247 WELLINGTON STREET
$525,000
Other47 BOULLEE STREET, East C, London East
$499,900
Other684280 ROAD 68, Rural Zorra, Zorra
$499,900
Other369 HAMILTON ROAD, East L, London East
$600,000
Other225 WELLINGTON STREET, East K, London East
$599,900
Other452 HORTON STREET, East K, London East
$449,900
Other699 WILKINS STREET, South R, London South
$565,000
Other119 WATER STREET S, St. Marys, St. Marys
$519,900
Detached321,100–1,500 sqft1445 ALDERSBROOK ROAD, North I, London North