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183 Central Ave
London, ON N6A 1M6
London Language Institute · Office Property For Sale
Investment Highlights
- The building benefits from a prime, highly walkable location just steps from Richmond Row and within walking distance to Victoria Park.
- On-site parking enhances the overall functionality and appeal of the asset within a dense downtown setting.
- The property is currently fully occupied by a long-term educational tenant that occupies all three units and provides stabilized in-place income.
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
6,665 SF
Building Class
B
Year Built
1993
Price
$1,899,000 CAD
Price Per SF
$284.92 CAD
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
2,059 SF
Building FAR
0.90
Lot Size
0.17 AC
Zoning
400 - Commercial
Parking
8 Spaces (1.29 Spaces per 1,000 SF Leased)
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