183 Central Ave - Office FOR SALE


London, ON N6A 1M6
$1,765,000 CAD
519-615-1727

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$1,765,000 CAD
Office - FOR SALE
null | Request Cap Rate

183 Central Ave
London, ON N6A 1M6


HIGHLIGHTS

  • The building benefits from a prime, highly walkable location just steps from Richmond Row and within walking distance to Victoria Park.
  • The property is currently fully occupied by a long-term educational tenant that occupies all three units and provides stabilized in-place income.
  • On-site parking enhances the overall functionality and appeal of the asset within a dense downtown setting.

OVERVIEW

Situated in the heart of Downtown London, 183 Central Ave is a freestanding three-unit commercial building offering exceptional flexibility and long-term potential. Located just steps from Richmond Row and within walking distance to Victoria Park, the property benefits from strong exposure, walkability, and immediate access to the city's core amenities. The building comprises approximately 6,665 square feet and is currently fully occupied by a long-term educational tenant occupying all three units. Each unit operates independently with separate HVAC systems, individual utility monitoring, and distinct servicing - providing straightforward flexibility for future reconfiguration or multi-tenant use. Fiber optic connectivity is installed throughout the building, making it well suited for professional, educational, technology, or creative users. On-site parking further enhances the practicality of the property in the prime downtown location. The property carries multiple zones designations, including residential permissions. Preliminary due diligence has been undertaken to explore potential conversion to residential rental units or student housing, subject to municipal approvals. Given its central location and proximity to key downtown institutions and Victoria Park, the site presents strong repositioning potential. The current tenant is in discussion to confirm a lease extension and has expressed openness to potentially reducing its footprint over time.

FOR SALE DETAILS

PRICE

$1,765,000 CAD

PRICE/SF

$265 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

London Language Institute

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

400

APN/PARCEL ID

393601007004600

ASK ABOUT THIS PROPERTY

Greg HarrisCBRE, LimitedMore Info
519-615-1727

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Greg HarrisCBRE, LimitedMore Info
519-615-1727

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.