1200 Lansdowne Street West, Peterborough (Otonabee Ward 1) - Business for Sale
1200 Lansdowne Street West, Peterborough (Otonabee Ward 1), Ontario, K9J2A1
This business in Peterborough is for sale offering roughly 2,515 sq ft of space.
Description
A rare opportunity! Own a well-established Chinese restaurant with over 20 years of successful operation and an outstanding reputation in the community. Featuring approximately 100 seats, buffet area, and eligibility for a liquor licence, this fully equipped turnkey business is ready for immediate operation. Enjoy a loyal customer base, strong and consistent sales, ample on-site parking for customers' convenience. There is tremendous potential for future growth by expanding online ordering and delivery services through platforms such as Uber Eats, DoorDash, Skip. The owner is retiring after many successful years, creating an exceptional opportunity for an ambitious owner-operator or investor to take this thriving business to the next level. Don't miss this exceptional opportunity to own a profitable, long-established restaurant with unlimited growth potential. The buyer will have the opportunity to enter into a new lease with the landlord, subject to the landlord's approval. (id:66096)
Property Details
- MLS®
- X13523476
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Interior Size
- 2,515 ft²
- Building Area
- 2,515 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $5,536.65/yr
- Listed
- 123 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 123 days on market, against an average age of 62 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 38 days on the market over the past year, against a median of 48 days across the markets we publish.
This business in Peterborough (Otonabee Ward 1) 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 (K9J)
This home lists at $99,000, about 1.4× the local median household income of $72,500.
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
- $72,500
- Population
- 44,547
- Median age
- 44
- Owner / renter
- 62% / 38%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA K9J)
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$99,000
Peterborough