For Sale

389 Lyle Street, London, Ontario N5W3R6

$499,000

389 Lyle Street, London, Ontario N5W3R6 is For Sale and has a listing price of 499,000. The property is located in the East London neighbourhood. It's been on the website for 6 Days.

  • Retail
    Property Type
  • MLS ID: X11997475
  • Office Name KING REALTY INC.
Property Description

This exceptional commercial property presents a prime investment opportunity in a desirable London location. The 2,300-square-foot building, situated between York, King, and Dundas Streets, offers convenient on-site around 12 car parking. Its versatile zoning accommodates a wide range of business uses. Recent renovations, totaling approximately $130,000, include a newly converted four-bedroom, two-bathroom residential unit upstairs. The main floor offers significant potential for various commercial ventures, such as office space, restaurants, or wellness centers. This unique property combines the benefits of live-in accommodation and a ground-floor business area, ideally suited for entrepreneurs seeking to minimize living expenses while operating their business. Further enhancing its appeal are wheelchair accessibility features, an intercom system, remotely controlled lighting, controlled entry with video surveillance, and an owned hot water tank. (id:43137)

Property Details
  • MLS ID: X11997475
  • Price: $499,000
  • Transaction Types: For Sale
  • Ref ID: 27973992
  • Year Built: N/A
  • Property Type: Retail
  • Property Type: Commercial
  • Property Sub Category: Retail
Price History
List Date MLS ID List Price Status End Date Closed Price
03/03/2025 X11997475 $499,000 For Sale - -
11/05/2024 X10409056 $499,900 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
East London
  • $622,398 Average List Price
    based on 1 year
  • 19 New Listings
    based on 30 days
  • 60 Median Days on Market
    based on 1 year
  • List vs. Selling Price 1.75 % Up
  • Sold (12mo) 91
  • Rented (12mo) 23

  • 1 Month Change -6.9%
  • 3 Month Change +3.9%
  • 6 Month Change -26.9%
Walkscore
  • 58 Walk Score
    Somewhat Walkable
  • 59 Transit Score
    Good Transit
  • 75 Bike Score
    Very Bikeable
Property Type Distribution
  • All Houses
    80.48%
  • Commercial
    17.7%
  • Condo
    1.72%
  • Land for Sale
    0.1%
Additional Details
  • Sewers Sanitary Sewer
  • Heat Source Natural Gas
  • Heating System Forced Air
  • Water Municipal Water
  • Cooling System Fully Air Conditioned
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 03/03/2025 00:00:00
  • Zoning Mhr-1
  • Agent Name: MANINDER BHATIA
  • Last Updated: 03/03/2025 20:41:39
Open House Dates
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