103 COMMISSIONER STREET, Zorra (Embro)

$899,900

For sale: Other

Other at 103 COMMISSIONER STREET, Zorra (Embro)
Property type
Commercial Retail
MLS®
MLS® X13547272
Neighbourhood
Embro

Exceptional Commercial Opportunity in Embro! Seize the chance to own the only restaurant in the village with this prime corner property on Commissioner Street. This well-loved, family-style establishment, seating up to 98 guests, enjoys high visibility and ample parking, making it a favourite for locals and a magnet for passing traffic. Conveniently located near London, Ingersoll, Woodstock, and Stratford, its perfectly positioned to attract a broad customer base. The restaurant comes fully equipped with all the necessary tools and appliances for a thriving business, ensuring a smooth transition for new ownership. It also features a seasonal ice cream shop and a newer outdoor patio! The property also includes a vacant 2-bedroom, 1-bathroom apartment on the upper level, ideal for immediate rental or personal use. Additionally, theres a second framed unit upstairs that can be converted into another apartment or expanded for a larger living space. This is an ideal investment for those looking to run a successful community restaurant while benefiting from residential rental income. The perfect opportunity for an ambitious restauranteur ready to grow a thriving business or an investor seeking a valuable asset, this listing offers a unique opportunity to tap into both commercial and residential markets in a vibrant, small-town setting.

Sold data

Homes in Zorra (Embro) — recent sold market

Homes in Zorra (Embro) took a median of 36 days to sell over the last 365 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 65, across 78 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 59 days.

The median sale price was $696,200.

Homes sold for about 2.5% 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
36
Median sale price
$696,200
Sale-to-list ratio
97.5%
Sold above asking
19%

Based on 78 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.

Currently for sale

Homes for sale near 103 COMMISSIONER STREET