1487 Dundas Street
London East, ON
- 3,032 sqft
- Sale Of Business
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.
Listing Details
- Listed
- September 17, 2026
Price History
Listing history
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Property
- Lot Size
- 50.12 x 146.22 Feet
Parking
- Garage
- Outside/Surface
Location & Legal
- Cross Street
- Dundas St & First St
- Zoning
- CSA6
- Parcel Number
- 081110006
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Restaurant
Included
- Inclusions
- All existing commercial kitchen equipment including 1 gas stove, 1 flat grill/BBQ grill, 1 commercial fryer (2-basket), newly installed commercial kitchen hood system & exhaust, 1 walk-in freezer, 4 additional freezers, all dining area fixtures & chattels including 9 dining tables, 32 chairs, bar table setup, basement dining furniture (5 tables, 10 chairs), all fixed prep tables & shelving units, upper-level residential appliances/fixtures (stove, fridge, sink, laundry hookups) where applicable. All items in "as-is, where-is" condition.
Community
Postal area N5W
- Population
- 24,740
- Private dwellings
- 12,388
- Median age
- 40.4
- Average household size
- 2.1
- Median household income
- $64,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in London East · last 12 months
- Median sold price
- $460,000
- Homes sold
- 1,322
- Median days on market
- 25
- Sale-to-list price
- 97.0%
Based on 1,322 recorded sales of commercial properties in London East over the last 12 months.
Listed by
SHRINE REALTY BROKERAGE LTD.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 3,032 sq ft
- Price per sq ft
- $29.68
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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