413 HAMILTON ROAD, London East (East L)
$390,000
For sale: Other
- Property type
- Store W Apt/Office
- MLS®
- MLS® X13695864
- Neighbourhood
- East L
Excellent mixed-use investment opportunity in a high-traffic location near Hamilton Road, with convenient access to downtown London and Highway 401. The main floor features a vacant commercial space formerly operated as a donut store, complete with a commercial stainless-steel kitchen and walk-in fridge, offering an excellent setup for a variety of food-service, retail, or other commercial uses. The vacant upper-level residential unit offers 2 bedrooms, 1 bathroom, a kitchen, living room, and a separate street entrance, providing additional income potential or owner-occupancy flexibility. Recent improvements include an owned hot water heater (2024) and a new air-conditioning unit (2025). The property offers approximately 2,400 sq. ft. of total above-grade space, with zoning permitting a broad range of commercial and residential uses, including retail, personal services, offices, and restaurants. Ideal for owner-operators or investors seeking flexible commercial and residential potential in a highly visible location. The upper apartment may require renovations, offering an opportunity to add value. Property is being sold "as is, where is," with no representations or warranties.
Sold data
Other homes in London East (East L) — recent sold market
Other homes in London East (East L) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.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 L)
London East (East L) 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 L)
- 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.
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