587 Oxford Street E, London East, ON N5Y 3H9
East F, London East · Near OXFORD STREET EAST & ADELAIDE STREET NORTH · View map
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.
The home
- Type
- Sale of business
- Square footage
- 4495 sq ft
- Bathrooms
- 3
- Lot size
- 57 x 180 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
- Driveway spaces
- 26
- Total parking
- 26
Taxes & other
- Tax year
- 2026
- Occupancy
- Owner
- Possession
- Flexible
- Cross street
- OXFORD STREET EAST & ADELAIDE STREET NORTH
- Neighbourhood
- East F
More
- MLS® number
- X14088306
No matching details. Ask Will instead
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.
587 Oxford Street, London East, ON N5Y 3H9
East F, London East · Near OXFORD STREET EAST & ADELAIDE STREET NORTH
Get directionsWhat’s nearbySchools nearby
Open this tab to load nearby schools.
Your commute
Enter where you go every day to see real drive times:
Listing history for 587 Oxford Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.
Frequently asked questions about 587 Oxford Street E
Answers come straight from this home’s MLS® listing.
How much is 587 Oxford Street E listed for, and what would it cost each month?
587 Oxford Street E is listed for $249,999. With 20% down ($50,000), the mortgage payment would be roughly $1,008 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $1,165 a month, all in. That figure is an illustration, not a quote.
Is 587 Oxford Street E freehold or a condo, and is there a monthly fee?
587 Oxford Street E is a sale of business in East F, 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 587 Oxford Street E have a garage and parking?
Yes. The listing shows the garage as outside/surface. The driveway adds 26 spaces. In total the listing counts 26 parking spaces.
What style of home is 587 Oxford Street E?
587 Oxford Street E is a sale of business. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 587 Oxford Street E, and what is the lot size?
The lot is listed as 57 x 180 ft.
How is 587 Oxford Street E heated and cooled?
Heating is gas forced air closed. Cooling is yes.
Where is 587 Oxford Street E?
587 Oxford Street E is in the East F community of London East. The nearest main intersection is OXFORD STREET EAST & ADELAIDE STREET NORTH. The postal code is N5Y 3H9.
Is 587 Oxford Street E still for sale?
Yes. It is an active listing (MLS® X14088306). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 587 Oxford Street E asking?
Similar properties for sale nearby right now include 711 Richmond Street at $239,900, 11 - 551 Richmond Street at $274,000 and 5 - 142 Fullarton Street at $199,999. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 587 Oxford 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 587 Oxford Street E?
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.
Similar properties nearby
More properties for sale near East F, picked by style, size and price.
Sale of business$239,900711 Richmond Street, London EastEast FCourtesy of: RE/MAX CENTRE CITY REALTY INCView home →
Sale of business$274,00011 - 551 Richmond Street, London East2 bath · East FCourtesy of: KING REALTY INC.View home →
Sale of business$199,9995 - 142 Fullarton Street, London EastEast FCourtesy of: RE/MAX ADVANTAGE REALTY LTD.View home →Courtesy of: THRIVE REALTY GROUP INC.
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.