#5 9408 Wellington Road 124, Erin - Business for Sale
#5 9408 Wellington Road 124, Erin, Ontario, N0B1T0
This business in Erin is for sale. It has been on the market 21 days, fresher than the Erin average of 67 days.
Description
A great opportunity to purchase a very popular Judy's family run restaurant that has been a favourite for locals and travellers for over 40 years in this high exposure location on the corner of Trafalgar Rd and Wellington Rd 124 just outside the growing community of Erin. The fully licensed restaurant is popular for its breakfasts, lunch, dinners, as well as weekend brunches and Judy's pantry offering a variety of prepared take home meals. This location is prime and very visible to anybody driving through the area looking for a place to dine, and it also has the benefit of a huge parking lot to accommodate all guests even on a busy weekend. This is a turnkey, fully equipped, fully staffed profitable business waiting for its new owners to continue as is or to grow the business to the next level by increasing the operating hours. (id:66096)
Property Details
- MLS®
- X14087258
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- A
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 21 days ago
Services
- Sewer
- Septic System
Features and services as supplied by the listing brokerage.
Market Timing
Active: 21 days on market, against an average age of 67 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 31 days on the market over the past year, against a median of 48 days across the markets we publish.
This business in Erin has been listed for 21 days, which is 46 days fresher than the city average of 67. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N0B)
This home lists at $599,000, about 5.0× the local median household income of $120,000.
Carrying it typically needs a household income of about $117,006 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $120,000
- Population
- 86,919
- Median age
- 42.8
- Owner / renter
- 88% / 12%
- Avg. household size
- 2.9
Source: Statistics Canada, 2021 Census (FSA N0B)
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$599,000
Erin