368 RICHMOND St, London, Ontario, N6A3C3, London, ON

$239,900
Est. Mortgage /mo

MLS® 40451601

$239,900
Est. Mortgage /mo
Agent photor
Dan Marusin
Renanza Realty
226-777-6769
Go See This Home Now
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Property details

A fantastic opportunity to own a Liquor Sales licensed restaurant in heart of London Downtown. This presents a compelling opportunity to transition into a Bar Business with a wet bar ready, complemented by a well-appointed kitchen and comprehensive facilities suitable for a diverse range of culinary offerings.Located close to an array of amenities, including Residential Apartments, schools, Citi Plaza, the library, banks, offices, hotels, Covent Garden Market, Budweiser Gardens, and public transit by the door offering access to all corners of the city. Direct bus to UWO and walking distance to Fanshawe College. Across from the London International Academy High School adds to its investment value. Spanning the main floor, this business offers ample space for both dining and storage. Nearby parking lots and free street parking for up to 2 hours ensure a hassle-free experience for customers. The location boasts excellent visibility with multi-routs bus stops by the building which garnering significant exposure and traffic. Ground size of 2840 sqft & the rent-free full basement storage, this restaurant provides ample room to accommodate 100+ guests. The property features a wet bar with water pipes already in place, facilitating seamless operations for a Bar or a Drink Store. Equipped with 220v electricity, making it highly convenient for various culinary requirements. Upgrades include a new kitchen stove and other appliances in 2020, ensuring a modern and efficient working environment. Tiles (2020); Freshly painted walls and ceilings. 10.2 Foot Kitchen Hood. Legal private VIP rooms for parties on all occasions add a touch of exclusivity and cater to private events and gatherings. Affordable rent with Water and Tax included. Free garbage pickup at front and back doors by the city. Free used grease oil pickup. The lease term spans 2+7 years, providing stability and a long-term vision. No limit on working hours. Please contact the listing agent for showings. (id:26763)

Location Details
Area Canada
State Ontario
City London
Postal Code N6A3C3
Property Metrics
Floor Area Total (Sq.ft) 0
Financial Details
List Price 239,900

Neighborhood Info

Public Schools
Secondary
B Davison Secondary School Secondary School
Above Average
2.53 km
No Rating
Details
Elementary
Lord Roberts Public School
Above Average
1.22 km
Rating 7.6/10
Details
Elementary
St Georges Public School
Above Average
1.77 km
Rating 7.1/10
Details

Part of this information is provided by the Province of British Columbia under the Open Government License for Government of BC Information v.BC1.0. School boundaries and other statistics changes frequently and is for general informational purposes only. You should not use such information in determining the legal eligibility to attend any particular school.

Private Schools
Elementary
London Islamic School
Above Average
1.97 km
No Rating
Details
Elementary
London Islamic School
Above Average
1.97 km
No Rating
Details
Closest Transit
Kitchener
Waterloo St. / Huron
61.74 km

368 RICHMOND Street, London, Ontario, N6A3C3 is serviced by Lord Roberts Public School. The property with listing MLS® 40451601 is located 1.22 km from the school. Lord Roberts Public School has a rating of Rating 7.6/10.

This home with address 368 RICHMOND Street, London, Ontario, N6A3C3, London, ON is also serviced by B Davison Secondary School Secondary School and located 2.53 km from it. B Davison Secondary School Secondary School has a rating of No Rating.

The closest Elementary independent school to this home for sale located at 368 RICHMOND Street, London, Ontario, N6A3C3 is London Islamic School with School's rating No Rating, located 1.97 km from this home.

The closest to this address 368 RICHMOND Street, London, Ontario, N6A3C3 Secondary independent school is London Islamic School with School's rating No Rating, located 1.97 km km from this home

The freshest crime data from Statistics Canada are from 2020. There were 28,255 volation disturbances in this neighbourhood. The overall crime rate near the address - 368 RICHMOND Street, London, Ontario, N6A3C3, London, ON is 6,558.30. Rate is the amount of incidents per 100,000 population. Comparing to other Canadian cities it has Above Average rate in 2020. Year by year change in the total crime rate is -6.3%

Drug crime rate next to the listing for sale MLS® 40451601 is Below Average comparing to other neighbourhoods. The illegal substances offences rating is 69.87. This is the amount of drug crime incidents per 100,000 population. There were 301 illegal substances lawbreaking disturbances in this city in 2020. Year by year change in the illegal substances offences ranking is -33.5%

Property crimes in the neighbourhood close to real estate listing for sale 368 RICHMOND Street, London, Ontario, N6A3C3 are High. Property misconduct rating adjacent to MLS® 40451601 is 4,388.29. There were 18,906 in the neighbourhood in 2020. Year by year change in the property misconduct rate is -6.8%

There were 4,360 violent lawbreaking disorders in 2020. 1,012.00 and it is Above Average rate comparing to other BC municipalities. Year by year change in the violent crime rate is 13.1%

The closest Bus station is Waterloo St. / Huron in 61.74 km away from this listing with - MLS® 40451601.

40.4% of people with university certificate/degree live in this neighbourhood adjacent to the 368 RICHMOND Street, London, Ontario, N6A3C3 which is High in comparison with other BC neighbourhoods. 11.4% of population in this neighbourhood that is near the Listing MLS® 40451601 have no certificate or degree. This number is Low compared to the average in BC.

Median Household Income near this dwelling with the address 368 RICHMOND Street, London, Ontario, N6A3C3, London, ON is $42121 which is Low in comparison with the British Columbia average. Median personal income near this dwelling with listing - MLS® 40451601 is $30285 which is Below Average in comparison with the BC average. % of the Households with a mortgage in this census subdivision is 53.8% which is Below Average.

Unemployment rate in the area around MLS® Listing # 40451601 is 9.4 which is Above Average in comparison to the other province neighbourhoods.

This real estate is located in 368 RICHMOND Street, London, Ontario, N6A3C3 where population change between 2011 and 2016 was 8.6%. This is High in comparison to average growth rate of this region.

Population density per square kilometre in this community near the address 368 RICHMOND Street, London, Ontario, N6A3C3, London, ON is 2991.4 which is Above Average people per sq.km.

Average size of families in the area adjacent to home for sale 368 RICHMOND Street, London, Ontario, N6A3C3 is 2.2. This is Low number in comparison to the whole region. Percent of families with children near by the MLS® - MLS® 40451601 is 29.4% and it is Low. % of Married or living common law is around 31.7% and it is Low.

Average age of the population close to the 368 RICHMOND Street, London, Ontario, N6A3C3 is 42.1 . This percentage is Average in comparison to other BC cities.

Average value of dwellings in this neighbourhood around 368 RICHMOND Street, London, Ontario, N6A3C3, London, ON is $258566 and this is Below Average comparing to other areas in British Columbia

Average Owner payments are Average in the area adjacent to 368 RICHMOND Street, London, Ontario, N6A3C3. $1287 owners spent in average for the dwelling. Tenants are paying $959 in this district close to MLS® 40451601 and it is Average comparing to other cities.

82.7% of Population in this district near the 368 RICHMOND Street, London, Ontario, N6A3C3 are Renters and it is High comparing to other BC cities and areas.

% of English and French speakers around real estate listing 368 RICHMOND Street, London, Ontario, N6A3C3, London, ON is 8.7%, it is Average, % of English speakers only is 90.4% and Average. % of Neither English nor French speakers close to home for sale 368 RICHMOND Street, London, Ontario, N6A3C3, London, ON is 0.8% and it is Average comparing to other BC cities.

15.5% of all population in the area around this property with the address 368 RICHMOND Street, London, Ontario, N6A3C3, London, ON using Public Transport which is Above Average, 45.8% of using population are using Cars around MLS® 40451601, which is Low. 1.8% of people using Bicycles around the 368 RICHMOND Street, London, Ontario, N6A3C3 and it is Above Average. 36.5% of population are walking which is High

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Property Taxes $202
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Listing Price Comparision

This house $1,400,000
Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Agent photor
Dan Marusin
Renanza Realty
226-777-6769
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