8 - 972 HAMILTON ROAD, London East (East O)

$49,000

For sale: Other

Other at 8 - 972 HAMILTON ROAD, London East (East O)
Property type
Sale Of Business
MLS®
MLS® X13865992
Neighbourhood
East O

Established since June 2018, this well-established department store business is located in the busy Fairmont Mall in southeast London, on the north side of Hamilton Road between Highbury Ave N and Hale Street. Excellent exposure, directly across from McDonald's, adjacent to Shell Gas Station, and next to No Frills grocery store. Plenty of parking. Business includes quality lifestyle clothing and footwear for all ages, purses, totes, luggage, bedding, cooking hardware and utensils, and more. The unit features a retail area, two fitting rooms, storage space and a washroom. Operation training will be provided. Inventory is negotiable. Current lease runs until June 30, 2028, with three renewal options.

Sold data

Homes in East O — recent sold market

Homes in East O took a median of 20 days to sell over the last 365 days, with the quickest quarter selling within 12 days and the slowest quarter taking more than 35, across 72 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 32 days.

The median sale price was $464,900.

Homes sold for about 2.7% below asking on average, so there was room to negotiate.

About 26% of sales closed above the list price.

Around 22% of sellers reduced their price before finding a buyer.

Median days to sell
20
Median sale price
$464,900
Sale-to-list ratio
97.3%
Sold above asking
26%

Based on 72 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 East (East O)

London East (East O) 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 O)

  • 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 8 - 972 HAMILTON ROAD