UNIT B - 197 ADELAIDE STREET S, London South (South L)

$8/sqft

For rent: Other

Other at UNIT B - 197 ADELAIDE STREET S, London South (South L)
Property type
Industrial
Bedrooms / bathrooms
2 bathrooms
MLS®
MLS® X13437336
Neighbourhood
South L

10,400 square feet of warehouse/retail space with excellent street frontage and signage opportunity along busy Adelaide Street South. May be demised into 2 - 5,000 sq ft units for qualified tenants. Average daily vehicle traffic volume of 22,000 vehicles per day. Open concept floor plan with open ceilings, spiral ducts and black sprayed finish. 10 foot clear height. Double man doors accessed from the rear with potential for additional dock and/or grade loading access. Zoned LI1. Permits a wide range of uses including warehousing, office support, wholesale establishments and more. 600V/200A power. Ample on-site parking. Excellent exposure. Pylon signage available. Conveniently located in well known area featuring retail/wholesale sales of building supplies, tools and hardware, furniture and décor, recreational products etc. Excellent location with quick access to Hwy 401. Introductory first year lease rate of $8.00 per sq ft for qualified tenants on a minimum 5 year lease term.

Sold data

Homes in South L — recent sold market

Homes in South L took a median of 23 days to sell over the last 365 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 38, across 35 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 37 days.

The median sale price was $799,000.

Homes sold for about 1.8% below asking on average, so there was room to negotiate.

About 20% of sales closed above the list price.

Around 29% of sellers reduced their price before finding a buyer.

Median days to sell
23
Median sale price
$799,000
Sale-to-list ratio
98.2%
Sold above asking
20%

Based on 35 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 South (South L)

London South (South L) 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 South (South L)

  • 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 B - 197 ADELAIDE STREET S