163 DUNDAS STREET E, London East (East E)

$125,000

For sale: Other

Other at 163 DUNDAS STREET E, London East (East E)
Property type
Sale Of Business
MLS®
MLS® X13572600
Neighbourhood
East E

Turnkey Convenience Store Business for Sale. An outstanding opportunity to acquire a highly successful, long-established convenience store with a remarkable history spanning over six decades. Located at one of London's most recognized and busiest intersections-Dundas Street and Richmond Street-this thriving business enjoys exceptional visibility in the heart of the city's downtown entertainment and commercial district. Surrounded by restaurants, cafes, retail boutiques, nightlife, office towers, and major cultural destinations, the store also benefits from its close proximity to Fanshawe College's Downtown Campus, ensuring strong pedestrian traffic and a loyal, year-round customer base. Business Highlights: Premier Downtown Location with outstanding exposure and consistent walk-in traffic. Liquor Licence Approved, creating excellent opportunities for future growth and increased revenue. Multiple, diversified income streams including cigarettes, lottery, convenience merchandise, ATM services, and additional retail sales. Strong Financial Performance with year-to-date average monthly gross sales of approximately $45,500, including lottery commissions and ancillary product sales. Affordable Occupancy Costs: Monthly rent of $3,539.73 (inclusive of TMI and HST). Long-Term Lease Security: Lease in place until October 31, 2031, with renewal/extension options available. The business can offer inventory worth $25k- $30K at extra charges upon possession. Whether you are an experienced operator or an entrepreneur seeking a proven, cash-flowing business in one of London's highest-profile retail corridors, this is a rare turnkey opportunity with exceptional long-term potential. Opportunities of this caliber in Downtown London are seldom available-don't miss your chance to own this established and profitable business.

Sold data

Other homes in London East (East E) — recent sold market

Other homes in London East (East E) took a median of 21 days to sell over the last 730 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 62, across 31 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.

The median sale price was $575,000.

Homes sold for about 2.2% below asking on average, so there was room to negotiate.

About 19% of sales closed above the list price.

Around 23% of sellers reduced their price before finding a buyer.

Median days to sell
21
Median sale price
$575,000
Sale-to-list ratio
97.8%
Sold above asking
19%

Based on 31 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in London East (East E)

London East (East E) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.

Rated schools
116
Elementary
97
Secondary
19
Average rating
5.5 / 10

Top-rated schools in London East (East E)

  • John Dearness — elementary, LondonFraser rating 9.8/10
  • St George — elementary, LondonFraser rating 9.1/10
  • Jack Chambers — elementary, LondonFraser rating 8.8/10
  • Sir Arthur Currie — elementary, LondonFraser rating 8.8/10
  • London Central — secondary, LondonFraser rating 8.7/10
  • Ryerson — elementary, LondonFraser rating 8.7/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 163 DUNDAS STREET E