London, ON · · MLS® X13492734Updated
$724,000
557 Wellington Rd is a 4-bathroom business in London, listed for $724,000.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Very profitable and high-performing Crabby Joe's Bar & Grill franchise located in a prime area of London directly across from a major hospital complex. This established location boasts very impressive annual sales with a long history of strong and consistent performance. Large 4,500 Sq Ft restaurant plus a 1,500 Sq Ft basement featuring an efficient rectangular layout, a recently expanded patio, and seating for 216 inside plus 70 on the patio. The kitchen is fully equipped with a 25-ft commercial hood, 3 walk-ins, and top-of-the-line equipment throughout.Excellent opportunity for an owner-operator or investor with approximately 10% NOI on top of owner salaries. Royalties are 5% + 2%, and the attractive lease rate is $13,183 Gross Rent including TMI plus percentage rent with a term of 6 + 5 + 5 years remaining. AAA opportunity.Please do not go direct or speak to staff or ownership.
London business priced at $724,000 — book a tour to see if it fits your search.
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Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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Closed sales on the TRREB MLS®.
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Listing brokerage: ROYAL LEPAGE SIGNATURE REALTY, BrokerageMLS® X13492734 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. 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. © 2026 Toronto Regional Real Estate Board. All rights reserved.
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Other homes for sale in London around $724K.
Homes for sale in London
Every active London MLS® listing, updated all day.
Curated MLS® searches this property belongs to — same city, same shape of home.
Based on 1,808 sales from Jul 26 – Oct 24, 2026 (1,467 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
557 Wellington Rd is listed at $724,000 (MLS® X13492734). Summitly updates the price as soon as the MLS® record changes.
Yes — it was first listed at $849,000 and is now $724,000, a drop of $125,000 (14.7%).
557 Wellington Rd has 4 bathrooms. It is a commercial property in London.
Its asking price of $724,000 is about 30% above the median sold price in London over the last 90 days, $558,950, across 1,808 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Summitly has no earlier MLS® sale or lease of 557 Wellington Rd on record from the last two years. Older records aren't shown under TRREB rules.
557 Wellington Rd is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
120 days — 557 Wellington Rd was listed on June 26, 2026.
The lot measures 179.99 × 169.96 Feet, as published in the listing.
About $10,955 in Ontario land transfer tax at the asking price of $724,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
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The listing for 557 Wellington Rd doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for London.
The listing for 557 Wellington Rd doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
