Salehian.com 647-325-5000

360 Springbank Drive 8

South D, London South, N6J 1G5

$149,999

Reduced $50,000 from $199,999

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Listed 35 days ago · MLS® X13784136

About this home

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.

Details

Type
Sale Of Business
Lot
252.15 × 203.9 ft
Garage
None
Property tax
$9 (2026)
Neighbourhood
South D
Municipality
London South

Heating, cooling and services

Heating
Gas Forced Air Open
Air conditioning
Yes

Building and exterior

Building area
3,500 Square Feet

More

Possession
Immediate
Cross street
Springbank Drive
Business type
Restaurant

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Somewhat walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: no grocery stores, 3 cafés and restaurants, 6 parks, 2 pharmacies. Nearest park: Coves Lookout (450 m).

Schools nearby

Elementary

  • Kensal Park Public School
    EQAO: Gr 6 reading 96%, math 57%    3 min walk
  • École élémentaire catholique Frère André French
    EQAO: Gr 6 reading 91%, math 76%    10 min walk
  • Woodland Heights Public School
    EQAO: Gr 6 reading 86%, math 51%    11 min walk
  • Montessori House of Children Private1.5 km

Secondary

  • Westminster Secondary School
    EQAO: Gr 9 math 38%, literacy test 75%    17 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N6J

Owners / renters
49% / 51%
Median household income
$65,000
Average age
44
Children under 15
15%
Homes
36% detached, 33% high-rise
Commute by transit
5%
Population
27,497

Languages spoken most at home besides English: Spanish 3.1%, Arabic 2%, Portuguese 0.4%, Polish 0.4%.

Safety

Crime Severity Index for London police: 73 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown London: 3 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by EXP REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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