685 RICHMOND STREET, London East (East F)
$585,000
For sale: Other
- Property type
- Sale Of Business
- MLS®
- MLS® X13816896
- Neighbourhood
- East F
Excellent opportunity to own an established Philthy Philly's franchise at 685 Richmond Street, London, Ontario, ideally located in the vibrant downtown area. This established business generates annual sales of over 1.2 million , 100k Monthly sales and offers an excellent opportunity for an owner-operator or investor. Attractive lease terms with approximately 10 years remaining plus an additional 10-year renewal option. Monthly rent is approximately $5,650 including TMI. Benefit from an established franchise brand with LLBO & $0 marketing cost, providing ongoing brand exposure and support. Excellent location with seating capacity of 40 inside 40 patio, surrounded by residential, commercial, entertainment and student activity with strong pedestrian and vehicle traffic. A great opportunity to acquire an established food business with long-term lease security in one of London's active commercial areas.
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.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 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 685 RICHMOND STREET
$568,800
Apartment3+121,400–1,599 sqft706 - 505 TALBOT STREET, East F, London East
$596,900
Detached321,100–1,500 sqft45 AGINCOURT GARDENS, South T, London South
$574,900
Detached321,100–1,500 sqft371 REYNOLDS ROAD, South B, London South
$625,000
Detached3+121,100–1,500 sqft1662 ATTAWANDARON ROAD, North F, London North
$638,000
Detached321,100–1,500 sqft7 DENGATE CRESCENT, East P, London East
$540,000
Detached321,100–1,500 sqft199 EMERALD ROAD, South U, London South
$629,900
Detached321,100–1,500 sqft63 CONDOR COURT, East P, London East
$624,900
Detached321,100–1,500 sqft2010 TRAFALGAR STREET, East I, London East