Rare opportunity in downtown London a live/work property combining prime commercial space with a beautiful residence. The front commercial unit offers outstanding exposure to over 80,000 cars daily and features huge windows to showcase your business. Zoning allows for many uses, from a bakery (equipment negotiable) to yoga/fitness, retail, or office. The lower level adds 1,485 sq. ft. of storage/workshop space for extra functionality. The back half of the building is a spacious two-bedroom plus loft home with vaulted ceilings, a large 9 x 6 bathroom with walk-in shower, bright living areas, and generous bedrooms. Step outside to a sprawling deck overlooking a landscaped, fully fenced yard with fruit trees and gardens. Parking for potentially up to four vehicles adds convenience, while recent upgrades include a newer roof, newer windows, and excellent insulation. This property offers incredible flexibility: live in the back and operate your business in the front, rent the residential side while using the commercial space, or live in the home and lease the storefront as a mortgage helper. Separate commercial taxes ($4,232.87) and residential taxes ($1,260.93) help keep ownership efficient. Seller is open to VTB, creating even more opportunity. With its unbeatable exposure, versatile zoning, and move-in-ready home, this property is ideal for entrepreneurs, investors, or anyone seeking a perfect live/work setup in a high-visibility downtown location.
Address
225 Wellington Street
List Price
$750,000
MLS® Status
New
Expiration Date
2026-03-19
Property Type
Commercial
Type of Dwelling
Store W Apt/Office
Transaction Type
For Sale
Area
London East
Sub-Area
East K
Region
Middlesex
Lot Size Source
MPAC
Lot Depth
109.78
Lot Type
Lot
Lot Size Units
Feet
Lot Width
44.75
Parcel Number
083200080
Total Building Area
1789
Occupant Type
Owner
Cross Street
Horton St and Wellington St
MLS® Number
X12419372
Listing Brokerage
ROYAL LEPAGE TRILAND REALTY
Basement
Yes
Postal Code
N6B 2L2
Tax Amount
$5,877.00
Tax Year
2024
Standard Status
Active
Board Or Association
London and St. Thomas Association of REALTORS
Heat Type
Electric Forced Air
Cooling Features
Yes
Garage Type
Outside/Surface
Security Features
No