$999,900

For sale

471 Dundas Street, London East (East K) - Retail for Sale

471 Dundas Street, London East (East K), Ontario, N6B1W1

3,500 ft²Listed 21 days ago

Overview

This retail property in London East is for sale offering roughly 3,500 sq ft of space. It has been on the market 21 days, fresher than the London East average of 85 days.

Retail Space for Sale in London East →All real estate in London East →

Description

**Prime Commercial & Residential Investment Opportunity in Downtown London!**Welcome to **471 Dundas Street**, an excellent mixed-use investment property located in the heart of Downtown London! Featuring a main-floor restaurant. 2574 SqFt with 36 seats and two residential apartment units, this versatile property offers three income streams and outstanding investment opportunities.The street-level commercial space is currently used as a restaurant, offering prominent Dundas Street frontage, excellent visibility, and convenient access to surrounding businesses, shopping, entertainment, and public transportation. Its central location provides an attractive setting for restaurant operators and entrepreneurs looking to establish or expand their businesses.The property also features **two residential apartment units**, creating additional rental income potential and making it an appealing investment for those seeking diversified revenue sources.Situated along one of London's established downtown corridors, this property benefits from its convenient location near residential communities, local amenities, and major transportation routes.Whether you're an investor looking to expand your real estate portfolio or a business owner seeking a commercial space with residential income potential, this property offers excellent flexibility and long-term possibilities.**One property, three potential income streams, and a prime downtown location!** Don't miss this opportunity to invest in London's commercial and residential real estate market! (id:66096)

Property Details

MLS®: X14079978
Property Type: Retail
Zoning: BDC OR
Interior Size: 3,500 ft²
Frontage: 24 ft
Building Area: 3,500 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $6,624.86/yr
Listed: 21 days ago

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

London East (East K) listings, avg age

85d

Price / ft²

$286

List price

$1000K

Haho

This retail in London East (East K) has been listed for 21 days, which is 64 days fresher than the city average of 85. Act while there is still low competition.

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Listed by SUTTON - JIE DAN REALTY BROKERAGE · JIE DAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N6B)

This home lists at $999,900, about 20.3× the local median household income of $49,200.

Carrying it typically needs a household income of about $195,315 (20% down, 25-yr amortization, stress-tested) — roughly 297% above the area median.

Median household income: $49,200
Population: 11,101
Median age: 38
Owner / renter: 23% / 77%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA N6B)

$999,900· $286/ft²

For sale

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Financing

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