UNIT 2, London North (North D)

$6.75/sqft

For rent: Other

Other at UNIT 2, London North (North D)
Property type
Industrial
Bedrooms / bathrooms
1 bathroom
MLS®
MLS® X13792930
Neighbourhood
North D

Position your operation at 1640 Fanshawe Park Road East with approximately 6,700 SF of functional indoor space ,outdoor parking and optional additional storage land. The premises comprise approximately 6,000 SF of operating space plus 700 SF across four storage areas, three bays with 16'x16' doors, a service pit in Bay 2 and access to shared washroom facilities. Well positioned to serve the London market, this unique property offers the combination of heated indoor workspace, equipment parking and outdoor storage sought by many construction and infrastructure-support businesses. Additional outdoor storage may be available at $1,500 per acre, subject to availability and Landlord approval. Asking Base Rent is $6.75 PSF with 2% annual increases. Additional Rent is estimated at $2.00 PSF and includes insurance, repairs, maintenance and administration. Utilities are an additional $1,000 per month. ZONING NOTE: The property is currently zoned EX - Resource Extraction, which allows a limited range of uses. Although the site has historically accommodated several construction-related businesses, each proposed use must be reviewed individually.

Sold data

Other homes in London North (North D) — recent sold market

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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.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

London North (North D) 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 North (North D)

  • 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 UNIT 2