484 RICHMOND STREET, London East (East F)

$60,000

For sale: Other

Other at 484 RICHMOND STREET, London East (East F)
Property type
Sale Of Business
MLS®
MLS® X13762834
Neighbourhood
East F

Well-established and highly rated ice cream shop located in the heart of downtown London, offering a true turnkey opportunity for entrepreneurs and investors alike. A recognizable name in the local dessert scene, featuring one of the first hand-rolled ice cream concepts introduced to the London market, this business has built strong brand awareness and a loyal customer base over the years. Updated with over $20,000 in improvements in 2024, this beautifully maintained space is designed for both efficiency and an elevated customer experience. Featuring a diverse and in-demand menu including rolled ice cream, scoops, buffet-style options, milkshakes, soft drinks, snacks, hot chocolate, and frozen cakes, with strong potential to expand offerings and increase revenue.The business benefits from excellent brand recognition, strong online reviews, and an active social media presence. The functional layout includes a private washroom and a dedicated back office/storage area, supporting smooth day-to-day operations. All equipment and chattels are included, allowing for a seamless transition for the next owner. Positioned in a high-exposure location with strong pedestrian traffic and approximately over 20,000 + vehicles passing daily, offering outstanding visibility and consistent customer flow.Attractive lease in place with favourable terms, including one designated parking space. Turnkey opportunity with systems in place, ready for immediate takeover and continued growth. A rare chance to acquire a well-established business in a prime downtown location.

Sold data

Other homes in London East (East F) — recent sold market

Other homes in London East (East F) took a median of 21 days to sell over the last 730 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 62, across 31 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.

The median sale price was $575,000.

Homes sold for about 2.2% below asking on average, so there was room to negotiate.

About 19% of sales closed above the list price.

Around 23% of sellers reduced their price before finding a buyer.

Median days to sell
21
Median sale price
$575,000
Sale-to-list ratio
97.8%
Sold above asking
19%

Based on 31 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in London East (East F)

London East (East F) 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 East (East F)

  • John Dearnesselementary, LondonFraser rating 9.8/10
  • St Georgeelementary, LondonFraser rating 9.1/10
  • Jack Chamberselementary, LondonFraser rating 8.8/10
  • Sir Arthur Currieelementary, LondonFraser rating 8.8/10
  • London Centralsecondary, LondonFraser rating 8.7/10
  • Ryersonelementary, LondonFraser rating 8.7/10

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

Currently for sale

Homes for sale near 484 RICHMOND STREET