511 QUEBEC STREET, London East (East G)

$649,000

For sale: Other

Other at 511 QUEBEC STREET, London East (East G)
Property type
Store W Apt/Office
MLS®
MLS® X13524048
Neighbourhood
East G

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 — recent sold market

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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 68 days.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.

Median days to sell
30
Median sale price
$399,900
Sale-to-list ratio
96.5%
Sold above asking
6%

Based on 105 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in London East (East G)

London East (East G) 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 G)

  • 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 511 QUEBEC STREET