$139,000
For sale: Other

Laundromat with a licenced cafe (LLBO) for sale in North London. Located near UWO and Fanshawe College with high traffic on both Oxford St E and Adelaide St. Plenty of potential to expand and grow the business by adding more washers and dryers. Plenty of sitting area in cafe and lounge area. Potential to add different food menu. Owners had shortened the hours for the last 6 years. New owners could extend hours or open 24 hours. Free parking behind building and in front. Self serve laundromat with wash and fold services and alterations. Sellers willing to replace machines or sell as is and allow new owners to update and customize layout and machine sizes.
Sold data
Other homes in London North (North P) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.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.
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
London North (North P) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.
School ratings from the Fraser Institute's Ontario school report cards.
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