421 Richmond Street, London East (East F) - Business for Sale
421 Richmond Street, London East (East F), Ontario, N6A3C8
This business in London East is for sale. It has been on the market 20 days, fresher than the London East average of 73 days.
Description
Located on Richmond Row near the corner of Dundas. This is a turn key restaurant opportunity and includes a newer hood system (2019), updated appliances, newer electrical system. Furniture excluded. Seating capacity of 25. Main floor consists of851 square feet plus a partially finished basement with 2 washrooms and additional storage. This is a gross lease with monthly rent of $3,000.00 plus utilities. All seating has been removed. New terms to be negotiated. Immediate possession available (id:66096)
Property Details
- MLS®
- X14034502
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- DA1
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 20 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Active: 20 days on market, against an average age of 73 days across the listings currently for sale in this city
This business in London East (East F) has been listed for 20 days, which is 53 days fresher than the city average of 73. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N6A)
This home lists at $99,000, about 1.6× the local median household income of $61,200.
Carrying it typically needs a household income of about $19,338 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $61,200
- Population
- 13,810
- Median age
- 34
- Owner / renter
- 29% / 71%
- Avg. household size
- 1.8
Source: Statistics Canada, 2021 Census (FSA N6A)
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$99,000
London East