1487 Dundas Street, London East, ON N5W 3B8
East N, London East · Near Dundas St & First St · View map
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.
The home
- Type
- Sale of business
- Square footage
- 3032 sq ft
- Lot size
- 50.1 x 146.2 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Closed
- Air conditioning
- Yes
Garage & parking
- Garage
- Outside/Surface
- Total parking
- None
Taxes & other
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Dundas St & First St
- Neighbourhood
- East N
More
- MLS® number
- X13801374
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
1487 Dundas Street, London East, ON N5W 3B8
East N, London East · Near Dundas St & First St
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Listing history for 1487 Dundas Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 1487 Dundas Street
Answers come straight from this home’s MLS® listing.
How much is 1487 Dundas Street listed for, and what would it cost each month?
1487 Dundas Street is listed for $89,990. With 20% down ($17,998), the mortgage payment would be roughly $363 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $419 a month, all in. That figure is an illustration, not a quote.
Is 1487 Dundas Street freehold or a condo, and is there a monthly fee?
1487 Dundas Street is a sale of business in East N, London East. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 1487 Dundas Street have a garage and parking?
Yes. The listing shows the garage as outside/surface. The listing does not include a parking space.
What style of home is 1487 Dundas Street?
1487 Dundas Street is a sale of business. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 1487 Dundas Street, and what is the lot size?
The lot is listed as 50.1 x 146.2 ft.
How is 1487 Dundas Street heated and cooled?
Heating is gas forced air closed. Cooling is yes.
Where is 1487 Dundas Street?
1487 Dundas Street is in the East N community of London East. The nearest main intersection is Dundas St & First St. The postal code is N5W 3B8.
Is 1487 Dundas Street still for sale?
Yes. It is an active listing (MLS® X13801374). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 1487 Dundas Street asking?
Similar properties for sale nearby right now include 163 Dundas Street at $79,000, 421 Richmond Street at $99,000 and 130 King Street at $99,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 1487 Dundas Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 1487 Dundas Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
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Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.