8 - 360 Springbank Drive, London South, ON N6J 1G5
South D, London South · Near Springbank Drive · View map
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.
The home
- Type
- Sale of business
- Square footage
- 3500 sq ft
- Lot size
- 252.2 x 203.9 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Open
- Air conditioning
- Yes
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $9/yr
- Tax year
- 2026
- Occupancy
- Vacant
- Possession
- Immediate
- Cross street
- Springbank Drive
- Neighbourhood
- South D
More
- MLS® number
- X13784136
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
360 Springbank Drive, London South, ON N6J 1G5
South D, London South · Near Springbank Drive
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Listing history for 360 Springbank Drive
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 8 - 360 Springbank Drive
Answers come straight from this home’s MLS® listing.
How much is 8 - 360 Springbank Drive listed for, and what would it cost each month?
8 - 360 Springbank Drive is listed for $149,999. With 20% down ($30,000), the mortgage payment would be roughly $605 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $606 a month, all in. That figure is an illustration, not a quote.
Is 8 - 360 Springbank Drive freehold or a condo, and is there a monthly fee?
8 - 360 Springbank Drive is a sale of business in South D, London South. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 8 - 360 Springbank Drive have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
What style of home is 8 - 360 Springbank Drive?
8 - 360 Springbank Drive is a sale of business. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 8 - 360 Springbank Drive, and what is the lot size?
The lot is listed as 252.2 x 203.9 ft.
How is 8 - 360 Springbank Drive heated and cooled?
Heating is gas forced air open. Cooling is yes.
What are the property taxes for 8 - 360 Springbank Drive?
Property taxes are $9 a year (2026), or about $1 a month.
Where is 8 - 360 Springbank Drive?
8 - 360 Springbank Drive is in the South D community of London South. The nearest main intersection is Springbank Drive. The postal code is N6J 1G5.
Is 8 - 360 Springbank Drive still for sale?
Yes. It is an active listing (MLS® X13784136). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 8 - 360 Springbank Drive asking?
Similar properties for sale nearby right now include 1240 Commissioners Road W at $145,000, 4 - 1775 Ernest Avenue S at $159,888 and Unit 1 - 405 Wharncliffe Road S at $140,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 360 Springbank Drive sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 8 - 360 Springbank Drive?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near South D, picked by style, size and price.
Sale of business$145,0001240 Commissioners Road W, London SouthSouth BCourtesy of: CENTURY 21 B.J. ROTH REALTY LTD.View home →
Sale of business$159,8884 - 1775 Ernest Avenue S, London SouthSouth XCourtesy of: CENTURY 21 FIRST CANADIAN CORPView home →
Sale of business$140,000Unit 1 - 405 Wharncliffe Road S, London South2 bath · South ECourtesy of: CENTURY 21 FIRST CANADIAN CORPView home →Courtesy of: EXP REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. 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.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.