Salehian.com 647-325-5000

587 Oxford Street E

East F, London East, N5Y 3H9

$249,999

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  • 3 bathrooms

Listed 4 days ago · MLS® X14088306

About this home

Exceptional opportunity to acquire Five87 Bistro, an established, licensed restaurant located at 587 Oxford Street East in London! Offering approximately 4,495 sq. ft. of leased premises, including designated restaurant and patio areas, this inviting establishment provides an excellent opportunity for an entrepreneur or experienced restaurateur looking to enter or expand within London's hospitality industry. Featuring an attractive dining atmosphere, indoor and outdoor dining opportunities, and access to on-site customer parking, the restaurant offers a versatile setting for casual dining, evening service, special occasions and private gatherings. Continue operating under the existing Five87 Bistro name and concept, or bring your own culinary vision to life and introduce an entirely new restaurant concept! The premises are subject to a long-term commercial lease, with renewal options outlined in the existing agreement, offering the potential for continued occupancy. Ideally situated along Oxford Street East, this location presents an opportunity to capitalize on an existing restaurant setup while establishing your own identity in the market. Whether you're an established operator seeking another location or an entrepreneur ready to take the next step, this is an exciting business ownership opportunity. Business sale only; real estate not included.

Details

Type
Sale Of Business
Lot
57 × 180 ft
Garage
Outside/Surface
Neighbourhood
East F
Municipality
London East

Interior

Bathrooms
3 × bathroom

Heating, cooling and services

Heating
Gas Forced Air Closed
Air conditioning
Yes

Building and exterior

Building area
4,495 Square Feet

More

Possession
Flexible
Cross street
OXFORD STREET EAST & ADELAIDE STREET NORTH
Business type
Restaurant

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Walkable

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

Within a 10-minute walk: 2 grocery stores, 13 cafés and restaurants, 5 parks, 2 pharmacies. Nearest grocery: Metro (900 m). Nearest park: McMahen Park (450 m).

Schools nearby

Elementary

  • St. Michael Separate School Catholic
    EQAO: Gr 6 reading 94%, math 53%    11 min walk
  • St George's Public School Catholic
    EQAO: Gr 6 reading 90%, math 81%    12 min walk
  • Lord Roberts Public School14 min walk
  • Knollwood Park Public School
    EQAO: Gr 6 reading 74%, math 38%    17 min walk

Secondary

  • London Central Secondary School
    EQAO: Gr 9 math 81%, literacy test 91%    1.3 km
  • Catholic Central High School Catholic
    EQAO: Gr 9 math 57%, literacy test 89%    1.4 km
  • H.B. Beal Secondary School
    EQAO: Gr 9 math 56%, literacy test 79%    1.4 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 N5Y

Owners / renters
45% / 55%
Median household income
$63,600
Average age
38
Children under 15
16%
Homes
41% detached, 29% high-rise
Commute by transit
12%
Population
35,934

Languages spoken most at home besides English: Nepali 2%, Malayalam 1.7%, Arabic 1.1%, Assyrian Neo-Aramaic 1.1%.

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: 2 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

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 THRIVE REALTY GROUP INC..

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

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