$649,000
For sale: Other

511 Quebec Street is a highly visible corner property offering a mix of commercial and residential potential. The main floor features a well-established convenience store, operating as a beloved neighborhood staple for over 26 years as the current owners now prepare for a well-deserved retirement. Upstairs is a 2-bedroom, 1-bathroom apartment with a separate entrance that provides excellent long-term rental income potential or a convenient zero-commute living space for an owner-operator. The property also features a full basement equipped for abundant business inventory storage and laundry facilities. This is a turnkey chance to take over a legacy community business or bring your own entrepreneurial vision to life in a vibrant, growing district.
Sold data
Homes in East G took a median of 30 days to sell over the last 365 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 56, across 105 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 68 days.
The median sale price was $399,900.
Homes sold for about 3.5% below asking on average, so there was room to negotiate.
About 6% of sales closed above the list price.
Around 30% of sellers reduced their price before finding a buyer.
Based on 105 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.
Schools
London East (East G) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.
School ratings from the Fraser Institute's Ontario school report cards.
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