The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Rare turnkey opportunity to acquire a successful, fully established breakfast and family restaurant in London's sought-after Hyde Park commercial corridor. Located at 1426 Fanshawe Park Road West, Unit 3, this approximately 2,400sq. ft. premises features a beautifully maintained 65-seat dining room and a fully equipped commercial kitchen with separate entrance.The business is fully outfitted with an extensive selection of owned equipment and assets, including two fryers, two gas flat-top grills, a charbroiler, a six-burner gas oven, Alto-Shaam equipment and more. The dishwasher and water heater are rented.The current lease term expires April 30, 2027, with one final five-year renewal option available, potentially providing continuity through April 2032. Estimated rent of $8,750.00 / month +hst, which includes base rent, pylon sign rent, and additional rent. Utilities are extra.An experienced, long-standing team is currently in place, including a General Manager and Kitchen Manager and dedicated serving staff. The seller is willing to provide transition support and training to the successful purchaser. The existing brand and trade name are not included, providing the purchaser with the opportunity to introduce their own concept and identity.Purchaser will be subject to the landlord's review and approval.Currently operating only 36 hours per week-Tuesday through Sunday from 8:00 a.m. to 2:00 p.m.-the business offers significant potential to increase revenue by opening seven days a week, introducing evening service, and expanding takeout and delivery channels. An excellent opportunity for an owner-operator, chef or growing hospitality group seeking an established presence in North London. Financials available with a signed Confidentiality Agreement.
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$744/mo
Mortgage (principal + interest)$744
Minimum $9,950 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$39,800
Ontario land transfer taxProvincial brackets, no first-time refund$1,715
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$44,315
First-time buyers can get up to $4,000 back on Ontario land transfer tax. London North has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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