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Commercial Property in London
About 581 William Street South
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
London investment priced at $875,000 — book a tour to see if it fits your search.
Inside 581 William St S
Every detail from the listing, in one place.
Type
Investment
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Investment
581 William St S Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14129506$875,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 581 William St S Compares to the London Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.2%On average, homes sold below asking.
Active listings2,464Homes for sale here right now.
Median vs prior 90 days−1.8%Compared with May 2 – Jul 31, 2026: prices down.
Based on 1,737 sales from Jul 31 – Oct 29, 2026 (1,496 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 581 William St S
How much is 581 William St S listed for?
581 William St S is listed at $875,000 (MLS® X14129506). Summitly updates the price as soon as the MLS® record changes.
Has the price of 581 William St S changed?
No — 581 William St S is still listed at its original asking price of $875,000.
How many bedrooms and bathrooms does 581 William St S have?
The listing for 581 William St S doesn't publish its bedroom and bathroom count. It is a commercial property in London.
How does 581 William St S compare with other homes in London?
Its asking price of $875,000 is about 56% above the median sold price in London over the last 90 days, $560,000, across 1,737 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 581 William St S been sold before?
Summitly has no earlier MLS® sale or lease of 581 William St S on record from the last two years. Older records aren't shown under TRREB rules.
Where is 581 William St S?
581 William St S is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 581 William St S been on the market?
3 days — 581 William St S was listed on October 26, 2026.
What is the land transfer tax on 581 William St S?
About $13,975 in Ontario land transfer tax at the asking price of $875,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 581 William St S or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 581 William St S?
The listing for 581 William St S doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for London.
When was 581 William St S built?
The listing for 581 William St S doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.