Homula Realty Brokerage
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130 King Street C-6, London East, ON N6A 1C5

Sale Of Business
$350,000

Rare opportunity to acquire a well-established restaurant business operating within the iconic Covent Garden Market. New Delhi Deli has been a fixture in the market for several years, benefiting from strong foot traffic, a loyal and repeat customer base, and the ongoing vibrancy of one of London's most recognized destinations.The business is being sold as a fully turnkey operation, including all business chattels and fixtures, equipment, recipes, and the business name. New ownership can step in and continue operations immediately with no interruption. Covent Garden Market provides consistent daily traffic from local patrons, office workers, students, and tourists, making this an ideal opportunity for an owner-operator or an experienced restaurateur looking to expand their portfolio in a proven location.This is a well-known concept with established systems in place and strong brand recognition within the market. Financial information available to qualified buyers upon execution of a confidentiality agreement.

MLS number
X12799916
Type
Sale Of Business
Status
Active
Bedrooms
Bathrooms
Postal code
N6A 1C5
Photos
9
207days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Matched to the building rather than the unit — every unit in a tower shares one coordinate.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
London International AcademySecondary122 mNot reported
London Central Secondary School
Thames Valley DSB
Secondary845 m8.6 / 10
86% met the standard · 2 of 6 measures
Infinity SchoolElementary1.1 kmNot reported
Catholic Central High School
London District Catholic School Board
Secondary1.0 km7.3 / 10
73% met the standard · 2 of 6 measures
St Martin Separate School
London District Catholic School Board
Elementary1.4 km7.2 / 10
72% met the standard
Montessori Academy of LondonElementary1.5 kmNot reported
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 965 people.

$39,600Median household income
8.7%Own their home
0%Detached houses
33.2Median age
21.4%Born outside Canada
37%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35390548 — the few blocks around this address, home to 965 people. It describes the area, not this property.

965Population
39.3Average age
1.4Household size
$55,200Average household income
$39,600Median household income
9%Own their home
91%Rent
18%Condominiums
21%Born outside Canada
37%University degree
$300,000Average home value
31%Low income
55%Not in the labour force
51%Never married
Under $5,0004%
$5,000 to $9,9991%
$10,000 to $14,9995%
$15,000 to $19,9996%
$20,000 to $24,9997%
$25,000 to $29,9997%
$30,000 to $34,9997%
$35,000 to $39,9995%
$40,000 to $44,9994%
$45,000 to $49,9993%
$50,000 to $59,9995%
$60,000 to $69,9997%
$70,000 to $79,9995%
$80,000 to $89,9993%
$90,000 to $99,9993%
$100,000 and over13%
$100,000 to $124,9995%
$125,000 to $149,9992%
$150,000 to $199,9993%
$200,000 and over2%

Percentages are of the 740 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$70,000 · minimum here is $17,500
$1,549.72per month
Borrowed before insurance$280,000
Total borrowed$280,000
Interest over 25 years at 4.5%$184,917

If you rented it out

-$1,549.72per month out of pocket
Rent$0.00
Everything it costs to hold$1,549.72
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by THRIVE REALTY GROUP INC.. Listing data provided by the Toronto Regional Real Estate Board.