827 CENTRAL AVENUE, London East (East G)

$1,000,000

For sale: Other

Other at 827 CENTRAL AVENUE, London East (East G)
Property type
Sale Of Business
MLS®
MLS® X13661884
Neighbourhood
East G

Exceptional opportunity to acquire the long-standing and highly respected Len Powell Garage, a well-known automotive service facility with deep roots in the neighbourhood. This turn-key business is celebrated for its integrity, quality workmanship, and a loyal customer base built over many years. The property and equipment have been meticulously maintained, making this an ideal investment for mechanics, automotive entrepreneurs, or commercial investors seeking a proven and profitable operation. The garage features updated garage doors, new LED lighting system, and a new furnace installed in 2020, ensuring energy efficiency and reliable year-round operation. All licenses are current, and the shop is equipped with state-of-the-art tools and machinery, allowing for seamless continuation of business from day one. The expansive lot provides parking for 40+ vehicles, with additional space for potential building expansion, outdoor storage, or future development. Situated in a quiet, well-established neighbourhood, the location offers convenience for customers while providing a calm and safe environment for daily operations.

Sold data

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

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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.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

London East (East G) 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 G)

  • 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 827 CENTRAL AVENUE