420 Hamilton Road, London East (East M) - Business for Sale
420 Hamilton Road, London East (East M), Ontario, N5Z1R9
This business in London East is for sale offering roughly 4,000 sq ft of space.
Description
First time being offered for sale after 30 years in business! This excellent opportunity for an owner run business well established with steady walk in clientele, regulars and many restaurant clients. Business fronts on two streets (fronts on Hamilton Rd. and backs on Stedwell St.) ample parking and easy access. Retail store on Hamilton Rd. approx. 300 sq. ft. with another 600-700 sq. ft. of office space upstairs. Plus the fully equipped bakery on the remaining approx. 2000 sq. ft. of space. Includes all equipment (List available): Walk in Freezer, large capacity 36 tray oven, dough mixers and splitters, Bread slicer, large and small stainless steel sinks , trays, racks, two GMC delivery cargo vans (2016 and 2021) and much more. Totaling over $300,000.00 in Equipment and autos alone. A turn key operation for the right owner. Term and monthly amount of Lease to be negotiated. Building and Land also for SALE separately under MLS # 13560042 at $499,900. (id:66096)
Property Details
- MLS®
- X13560028
- Property Type
- Business
- Business Type
- Food Services and Beverage
- Zoning
- AC4XAC
- Parking
- 9
- Interior Size
- 4,000 ft²
- Frontage
- 28 ft
- Building Area
- 4,000 ft²
- Heating
- Forced air, Natural gas
- Cooling
- None
- Property Tax
- $7,461.12/yr
- Listed
- 115 days ago
Features
- Appliances
- Oven, Freezer
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 115 days on market, against an average age of 55 days across the listings currently for sale in this city
This business in London East (East M) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N5Z)
This home lists at $199,900, about 3.1× the local median household income of $64,500.
Carrying it typically needs a household income of about $39,047 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $64,500
- Population
- 24,067
- Median age
- 40
- Owner / renter
- 62% / 38%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA N5Z)
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$199,900
London East