8 - 360 Springbank Drive, London South
Chattels-only sale opportunity at 360 Springbank Drive with an attractive lease rate! This 3,500 sf prime corner unit is situated in a well-established plaza in Springbank, one of London's most sought-after neighbourhoods, with excellent exposure and ample free parking. The premises feature a fully built-out restaurant with a large turnkey commercial kitchen and bar, including over 15 feet of commercial exhaust hood, walk-in cooler, walk-in freezer, dishwashing equipment, flat-top grill, gas grill, prep tables, and much more. The exterior offers a newly constructed covered and heated patio, plus a separate uncovered patio area. The restaurant was previously licensed for up to 132 patrons indoors and 50 patrons on the patio. Existing bar includes 4 under counter coolers and a keg dispensing cooler. Additional features include three renovated washrooms and an active liquor sales licence, subject to AGCO approval and transfer requirements. Lease rate is $24.00 per sq. ft. net, plus approximately $8.50 per sq. ft. TMI, totalling approximately $9,479.17 per month plus HST and utilities. Chattels only-the existing business and trade name are not included. All information is to be independently verified by the buyer. (id:1945)
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Property details for 8 - 360 Springbank Drive, London South
- Type
- Commercial
- Living Area
- 3,500 square feet
- Lot Size
- 252.15 x 203.9 FT
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Annual Taxes
- $9
Nearby Listings Stat
Estimated price and comparable properties near 8 - 360 Springbank Drive
Active Listings
111
Min Price
$79,500
Max Price
$6,900,000
Avg Price
$736,113
Days on Market
60
days
Sold Listings
48
Min Sold Price
$194,900
Max Sold Price
$1,499,900
Avg Sold Price
$564,712
Days until Sold
58
days
Neighbourhood Census Data
London, Ontario
Population
479
Median Age
43.4
Median Income
$34,261
Dwelling Value
$224,810
Housing Tenure
Owners 88%
Renters 10%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.3
Pop. Density: 2,051.4/km²
Avg Shelter Cost: $1,048/mo
Owners with Mortgage: 57.1%
Owners Spending 30%+: 11.4%
Tenants Spending 30%+: 0%
English only: 89.6%
English and French: 9.4%
Median Household Income: $70,144
Median Employment Income: $36,352
Price History
Listed
September 15, 2026
by EXP REALTY
Current Price
$199,999
-33.3% from last change
Type
Commercial
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $199,999 | $100,000 (-33.3%) |
| Sep 15, 2026 | $299,999 | Listed |
