1487 Dundas Street, London East (East N) - Business for Sale
1487 Dundas Street, London East (East N), Ontario, N5W3B8
This business in London East is for sale offering roughly 3,032 sq ft of space. It has been on the market 47 days, fresher than the London East average of 61 days.
Description
Exceptional opportunity to acquire a fully equipped turnkey restaurant business in a highly visible East London location along the high-traffic Dundas Street commercial corridor. Currently set up as an established Latin restaurant, this versatile opportunity is ideal for an owner-operator, investor, franchise conversion, or restaurateur looking to establish a new concept without the significant cost, delays, and expense associated with building a restaurant from scratch.The main floor premises feature seating for 32+ guests with a dedicated bar table setup, plus additional basement layout capacity (5 tables / 10 chairs), multiple washrooms, and a concrete patio for outdoor dining. The business includes a professionally equipped commercial kitchen complete with a gas stove, flat grill, commercial fryer, walk-in freezer, 4 additional freezers, extensive prep area, and a newly installed commercial kitchen hood system. All major equipment, chattels, and fixtures required to operate will remain with the business, allowing for a seamless transition.As a unique added value, the second level features a full self-contained residential/office setup complete with 2 full rooms, a dedicated kitchen, washroom, and laundry plumbing-perfect for owner-occupancy, staff accommodation, or conversion to commercial administrative space.Located in a high-density area with strong vehicle traffic, excellent street frontage visibility, and ample on-site customer parking, the location is surrounded by complementary retail and local businesses. Whether continuing as a Latin dining destination or introducing a completely new culinary brand, the existing leasehold improvements, commercial kitchen infrastructure, hood system, refrigeration, and fully furnished dining areas are already in place, allowing the next owner to focus on launching and growing their business rather than undertaking a costly build-out. (id:66096)
Property Details
- MLS®
- X13801374
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- CSA6
- Interior Size
- 3,032 ft²
- Frontage
- 50 ft
- Building Area
- 3,032 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 47 days ago
Features
- Appliances
- Freezer, Furniture
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 47 days on market, against an average age of 61 days across the listings currently for sale in this city
This business in London East (East N) has been listed for 47 days, which is 14 days fresher than the city average of 61. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N5W)
This home lists at $89,990, about 1.4× the local median household income of $64,500.
Carrying it typically needs a household income of about $17,578 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $64,500
- Population
- 24,740
- Median age
- 40.4
- Owner / renter
- 59% / 41%
- Avg. household size
- 2.1
Source: Statistics Canada, 2021 Census (FSA N5W)
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$89,990
London East