Description

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. This provides optionality - maintain full occupancy, reposition portions of the building, or pursue longer-term redevelopment strategies.

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