1200 LANSDOWNE STREET W, Peterborough (Otonabee Ward 1)

$99,000

For sale: Other

Other at 1200 LANSDOWNE STREET W, Peterborough (Otonabee Ward 1)
Property type
Sale Of Business
MLS®
MLS® X13523476
Neighbourhood
Otonabee Ward 1

A rare opportunity! Own a well-established Chinese restaurant with over 20 years of successful operation and an outstanding reputation in the community. Featuring approximately 100 seats, buffet area, and eligibility for a liquor licence, this fully equipped turnkey business is ready for immediate operation. Enjoy a loyal customer base, strong and consistent sales, ample on-site parking for customers' convenience. There is tremendous potential for future growth by expanding online ordering and delivery services through platforms such as Uber Eats, DoorDash, Skip. The owner is retiring after many successful years, creating an exceptional opportunity for an ambitious owner-operator or investor to take this thriving business to the next level. Don't miss this exceptional opportunity to own a profitable, long-established restaurant with unlimited growth potential. The buyer will have the opportunity to enter into a new lease with the landlord, subject to the landlord's approval.

Sold data

Homes in Otonabee Ward 1 — recent sold market

Homes in Otonabee Ward 1 took a median of 22 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 40, across 57 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 37 days.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 $479,900.

Homes sold for about 2.2% below asking on average, so there was room to negotiate.

About 12% of sales closed above the list price.

Around 25% of sellers reduced their price before finding a buyer.

Median days to sell
22
Median sale price
$479,900
Sale-to-list ratio
97.8%
Sold above asking
12%

Based on 57 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Peterborough (Otonabee Ward 1)

Peterborough (Otonabee Ward 1) has 29 Fraser Institute–rated schools (23 elementary and 6 secondary), averaging 5.2/10.

Rated schools
29
Elementary
23
Secondary
6
Average rating
5.2 / 10

Top-rated schools in Peterborough (Otonabee Ward 1)

  • James Strath — elementary, PeterboroughFraser rating 7.5/10
  • St. Peter's — secondary, PeterboroughFraser rating 6.7/10
  • Edmison Heights — elementary, PeterboroughFraser rating 6.5/10
  • St Paul's — elementary, PeterboroughFraser rating 6.2/10
  • Holy Cross — secondary, PeterboroughFraser rating 6.1/10
  • St Anne — elementary, PeterboroughFraser rating 6.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 1200 LANSDOWNE STREET W