UNIT 1 - 405 WHARNCLIFFE ROAD S, London South (South E)

$140,000

For sale: Other

Other at UNIT 1 - 405 WHARNCLIFFE ROAD S, London South (South E)
Property type
Sale Of Business
Bedrooms / bathrooms
2 bathrooms
MLS®
MLS® X13870704
Neighbourhood
South E

Prime Turnkey Restaurant! situated in one of London's busiest area of Wharncliffe Rd S, with excellent visibility, daily traffic count approx. 35,000 vehicles per day and Ample onsite Parking. The current Indian/Pakistani concept restaurant is over 1600 sq. ft with dine-in area for over 40 seats, plus takeout and catering services. Purchase Price Includes All Equipment and Chattels, with a Fully Equipped Kitchen that includes 2 Commercial Kitchen Hoods, Walk-in Cooler & Freezers, Tandoor Oven, Gas grills, etc. and ample prep space. Located in central London with quick access to Western University, Victoria Hospital, and high density Residential & Commercial developments, this is a fantastic opportunity to own a successful turnkey business in a fantastic location, with Affordable Rent and Favorable Lease terms with Renewal Options, and Continue the current South Asian concept or Rebrand to a Different Concept

Sold data

Homes in South E — recent sold market

Homes in South E took a median of 26 days to sell over the last 365 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 47, across 68 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 46 days.

The median sale price was $444,450.

Homes sold for about 3.2% below asking on average, so there was room to negotiate.

About 12% of sales closed above the list price.

Around 24% of sellers reduced their price before finding a buyer.

Median days to sell
26
Median sale price
$444,450
Sale-to-list ratio
96.8%
Sold above asking
12%

Based on 68 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in London South (South E)

London South (South E) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.

Rated schools
116
Elementary
97
Secondary
19
Average rating
5.5 / 10

Top-rated schools in London South (South E)

  • John Dearness — elementary, LondonFraser rating 9.8/10
  • St George — elementary, LondonFraser rating 9.1/10
  • Jack Chambers — elementary, LondonFraser rating 8.8/10
  • Sir Arthur Currie — elementary, LondonFraser rating 8.8/10
  • London Central — secondary, LondonFraser rating 8.7/10
  • Ryerson — elementary, LondonFraser rating 8.7/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near UNIT 1 - 405 WHARNCLIFFE ROAD S