581 WILLIAM STREET S, London East (East B)
$875,000
For sale: Multiplex
- Property type
- Investment
- MLS®
- MLS® X14129506
- Neighbourhood
- East B
Outstanding investment! 7 Vacant Units Name your own rents! In the heart of Woodfield!This legal seven-unit residential building is ideally situated at the corner of William Street and Central Avenue, close to Richmond Row , Victoria Park, Central Medical Complex , .All seven units are currently vacant, giving a new owner the opportunity to renovate, reposition and establish current new Rents with potential to produce $9100 Monthly or $109,000,00 Anualy. The property features seven separately metered units, plus an additional house hydro meter. Parking is available at both the front and rear of the property, with additional street parking nearby.The units require updating and TLC, providing excellent potential to enhance the building and create strong future revenue. This is an ideal addition to an investment portfolio, or an excellent opportunity for an owner-occupier to live in the spacious front unit while generating income from the remaining six apartments.VTB possibly available to approved individuals , Some pictures have been AI enhanced
Sold data
Homes in East B — recent sold market
Homes in East B took a median of 29 days to sell over the last 365 days, with the quickest quarter selling within 12 days and the slowest quarter taking more than 57, across 97 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 42 days.
The median sale price was $639,900.
Homes sold for about 3.0% below asking on average, so there was room to negotiate.
About 13% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
- Median days to sell
- 29
- Median sale price
- $639,900
- Sale-to-list ratio
- 97.0%
- Sold above asking
- 13%
Based on 97 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 B)
London East (East B) 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 B)
- 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 581 WILLIAM STREET S
$999,999
Multiplex98 ELMWOOD AVENUE E, South G, London South
$897,000
Multiplex23 GOODMAN DRIVE, South T, London South
$899,900
Detached321,100–1,500 sqft110 ELWORTHY AVENUE, South G, London South
$1,049,900
Detached5+142,500–3,000 sqft216 MARTIN DRIVE, Ilderton, Middlesex Centre
$804,000
Detached321,500–2,000 sqft14 VIRGINIA ROAD, North B, London North
$779,900
Detached321,100–1,500 sqft1050 DEARNESS DRIVE, South Y, London South
$1,075,000
Detached5+142,000–2,500 sqft813 DEER RIDGE PLACE, North M, London North
$995,000
Detached5+142,000–2,500 sqft1789 APPLEROCK AVENUE, North S, London North