5 - 1086 COMMISSIONERS ROAD E, London South (South J)

$125,000

For sale: Other

Other at 5 - 1086 COMMISSIONERS ROAD E, London South (South J)
Property type
Sale Of Business
MLS®
MLS® X13600072
Neighbourhood
South J

Busy Plaza - Indian Grocery Store, Bank, Subway, Convenience and other stores in the same plaza..This is a rare opportunity to own a well-established, highly regarded Indian/Pakistani restaurant in a prime high-traffic location and highly recommended Google reviews. The independent, non-franchise business offers both dine-in and take-out service with seating for 20+ guests and ample surface parking in the plaza. A fully equipped kitchen includes a 6-burner stove, BBQ grill, naan oven, tandoor, two additional stoves, a walk-in cooler, double-door freezer, a dough-making machine, two extra freezers, water heater, and a complete security camera system and much more. The current owner is retiring and will provide training to ensure a smooth transition. You can also convert this into different cuisine as well. With shorter operating hours at present, there is strong potential to increase revenue by extending hours or adding catering and tiffin services to capture nearby markets such as students, taxi drivers, and truck drivers (proximity to major truck stops). All equipment, furniture, and leasehold improvements are included in the turnkey sale, along with a long-term lease offering optional renewal terms. AI Image from the front.

Sold data

Other homes in London South (South J) — recent sold market

Other homes in London South (South J) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.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 South (South J)

London South (South J) 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 J)

  • 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 5 - 1086 COMMISSIONERS ROAD E