$399,900 - 471 York Street, London East
Commercial for Sale in London East
218 days on marketWant to see this home in person?
Book a private showing with Joe — pick a day and time that works for you.
- MLS Number
- X12753644
- Property Type
- Commercial
- Status
- active
- Days on Site
- 218
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- N/A sqft
- Neighbourhood
- London East
- Listing Brokerage
- CENTURY 21 FIRST CANADIAN CORP
Driving Success: Introducing the Visionary Leadership Behind ACTIVE GREEN + ROSS-Where Performance, Profitability, and Innovation Converge. Active Green + Ross operate southern Ontario's premier chain of complete tire and auto centre from London to Ottawa and from Barrie to Greater Toronto Area, with over 65 Locations in Ontario to serve since 1983. Active Green + Ross provides a comprehensive range of services to our customers. This includes offering a wide selection of passenger and light truck tires from top manufacturers like Michelin, BF Goodrich, Uniroyal, and Yokohama. Additionally, all our locations provide general automotive service and repairs. Active Green + Ross is your one-stop solution for all tire and auto care needs. For Sale In heart of London downtown With over $1,000,000 in annual sales before taxes. Very high potential to grow and double the sales. Rent is Close to $5000 per month, the best rent in town and it is owned by the head office. .Asking price includes all the inventory (Oil, Oil Filter, Light Bulbs, Transmission Oil and many more), equipment (All 5 Hoists, Alignment Machine, Shelving, shop tools, Welding Machines, Torches, Press Machine, Smoke Tester, ac machine and many more). Alignment machine updated in 2025, new tire balancer, and all equipment updated. Renovation was recently performed in about 2025.
Estimate your monthly payments for this property
Estimated Payment
$2,051.69/mo
Includes CMHC insurance ($11,157)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover London East
London East is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in London East
- •Convenient location in London East
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
London East offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
471 York Street, London East
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Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
Commercial property values in London East are driven by location, zoning, current tenancy, and income potential — not the same $/sqft benchmarks as residential. I'll run a proper comparable sales analysis using recent commercial transactions in this area.
Extended Exposure — Negotiating Room
At 218 days on market, this commercial property has had significant exposure. Commercial listings typically take longer to sell than residential, but this timeline may indicate pricing or tenancy issues worth exploring. A motivated seller often means better terms for a prepared buyer.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in London East transactions.