827 CENTRAL Avenue, London East (East G) - Business for Sale
827 CENTRAL Avenue, London East (East G), Ontario, N5W3R1
This business in London East is for sale offering roughly 2,842 sq ft of space.
Description
Exceptional opportunity to acquire the long-standing and highly respected Len Powell Garage, a well-known automotive service facility with deep roots in the neighbourhood. This turn-key business is celebrated for its integrity, quality workmanship, and a loyal customer base built over many years. The property and equipment have been meticulously maintained, making this an ideal investment for mechanics, automotive entrepreneurs, or commercial investors seeking a proven and profitable operation. The garage features updated garage doors, new LED lighting system, and a new furnace installed in 2020, ensuring energy efficiency and reliable year-round operation. All licenses are current, and the shop is equipped with state-of-the-art tools and machinery, allowing for seamless continuation of business from day one. The expansive lot provides parking for 40+ vehicles, with additional space for potential building expansion, outdoor storage, or future development. Situated in a quiet, well-established neighbourhood, the location offers convenience for customers while providing a calm and safe environment for daily operations. (id:66096)
Property Details
- MLS®
- X13661884
- Property Type
- Business
- Business Type
- Automobile
- Zoning
- R3-2/RSC3 (8)/LI8
- Interior Size
- 2,842 ft²
- Lot Size
- 108 × 150 ft (16,202 sq ft)
- Frontage
- 108 ft
- Heating
- Other
- Cooling
- None
- Property Tax
- $4,438/yr
- Listed
- 85 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 85 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 G) 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 (N5W)
This home lists at $1,000,000, about 15.5× the local median household income of $64,500.
Carrying it typically needs a household income of about $195,335 (20% down, 25-yr amortization, stress-tested) — roughly 203% above the area median.
- Median household income
- $64,500
- Population
- 24,740
- Median age
- 40.4
- Owner / renter
- 59% / 41%
- Avg. household size
- 2.1
Source: Statistics Canada, 2021 Census (FSA N5W)
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$1,000,000
London East