750 Hamilton Road, London East (East M) - Business for Sale
750 Hamilton Road, London East (East M), Ontario, N5Z1T7
This business in London East is for sale offering roughly 16,243 sq ft of space.
Description
A true London East landmark, this long-established entertainment venue has been a popular destination for live music, dancing, karaoke, tribute bands and nightlife for many years. Offering over 6,000 sq. ft. of building space, it features a liquor licence for 250 persons indoors plus 56 on the patio.Situated on a prominent corner with excellent Hamilton Road exposure, the property offers ample on-site and nearby street parking. Its BDC zoning, established use and redevelopment potential provide the opportunity to continue the current operation or explore future commercial, mixed-use or residential uses, subject to municipal approvals.Offered with existing chattels and equipment for continued operation, or without for a purchaser considering an alternative use or redevelopment. (id:66096)
Property Details
- MLS®
- X13682844
- Property Type
- Business
- Zoning
- BDC(35)
- Bathrooms
- 3
- Interior Size
- 16,243 ft²
- Lot Size
- 43 × 240 ft (10,404 sq ft)
- Frontage
- 44 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $23,916.17/yr
- Listed
- 79 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 79 days on market, against an average age of 55 days across the listings currently for sale in this city
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Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N5Z)
This home lists at $1,795,000, about 27.8× the local median household income of $64,500.
Carrying it typically needs a household income of about $350,626 (20% down, 25-yr amortization, stress-tested) — roughly 444% above 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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$1,795,000
London East