Salehian.com 647-325-5000

1487 Dundas Street

East N, London East, N5W 3B8

$89,990

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Listed 32 days ago · MLS® X13801374

About this home

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.

Details

Type
Sale Of Business
Lot
50.12 × 146.22 ft
Garage
Outside/Surface
Neighbourhood
East N
Municipality
London East

Heating, cooling and services

Heating
Gas Forced Air Closed
Air conditioning
Yes
Utilities
Available

Building and exterior

Building area
3,032 Square Feet

More

Possession
Flexible
Cross street
Dundas St & First St
Business type
Restaurant

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Somewhat walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 1 grocery store, 6 cafés and restaurants, 1 park, 3 pharmacies. Nearest grocery: True Value Foods (1000 m). Nearest park: Kiwanis Park - North (400 m).

Schools nearby

Elementary

  • Académie de la Tamise French
    EQAO: Gr 6 reading 96%, math 86%    11 min walk
  • Prince Charles Public School
    EQAO: Gr 6 reading 39%, math 9%    15 min walk
  • St. Pius X Catholic School Catholic
    EQAO: Gr 6 reading 71%, math 25%    17 min walk
  • Forest City Public School
    EQAO: Gr 6 reading 59%, math 19%    1.4 km

Secondary

  • John Paul II Catholic Secondary School Catholic
    EQAO: Gr 9 math 44%, literacy test 71%    1.5 km
  • Clarke Road Secondary School
    EQAO: Gr 9 math 45%, literacy test 61%    2.0 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N5W

Owners / renters
59% / 41%
Median household income
$64,500
Average age
42
Children under 15
13%
Homes
56% detached, 9% high-rise
Commute by transit
8%
Population
24,740

Languages spoken most at home besides English: Spanish 1.3%, Portuguese 1%, Punjabi (Panjabi) 0.5%, Polish 0.5%.

Safety

Crime Severity Index for London police: 73 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown London: 4 km. Transit times · Driving times

Noise 1 source nearby

  • 🚆 Rail line (CN Guelph Subdivision)100 m

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by SHRINE REALTY BROKERAGE LTD..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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