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581 William Street W
East B London East N6B 3E8

$875,000 /For Sale
Commercial

Main Photo: 581 William Street W in London East: East B Commercial for sale : MLS®# X14129506
Photo 1: 581 William Street W in London East: East B Commercial for sale : MLS®# X14129506
Photo 2: 581 William Street W in London East: East B Commercial for sale : MLS®# X14129506
Photo 3: 581 William Street W in London East: East B Commercial for sale : MLS®# X14129506
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X14129506
Bus Major:
Apts - 6 To 12 Units
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
Percent of Building:
100
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Approx. Age:
51-99
Total Area:
3200 sq. ft. Square Feet
Total Area:
3,200 sq. ft.
Lot Depth:
75'3¼"
Lot Frontage:
45'10"
Water supply:
Municipal
Zoning:
R3-2
Heating type:
Baseboard
Garage:
None
HST Applicable To Sale Price:
Included In
Development Charges Paid:
Unknown
Type Taxes:
Annual
Taxes:
$14,445 / 2025
Assessment:
$- / -
Middlesex
London East
East B
Hot Water Tank
Utilities:
Available
Energy Certification:
No
Air Conditioning:
No
Seller Property Info Statement:
No
Expenses Actual/Estimated:
Estimated
Heating Expenses:
$1,508
Hydro Expenses:
$356
Insurance Expenses:
$3,858
Tax Expenses:
$14,447
Other Expenses:
$1,018
Water Expenses:
$2,271
Year Expenses:
22440
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Date Listed:
Oct 29, 2026
Original Price:
Previous Price:
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Listed by NU-VISTA PINNACLE REALTY BROKERAGE INC
Data was last updated October 31, 2026 at 03:15 AM (UTC)
DARYL  KING
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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

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Typically, any property with five or more units is classified as an apartment building for investment purposes.

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You can find listings across major cities and growing suburbs where rental demand remains strong.