L10 - 186 KING STREET, London East (East K)

$35/sqft

For rent: Other

Other at L10 - 186 KING STREET, London East (East K)
Property type
Commercial Retail
MLS®
MLS® X13413152
Neighbourhood
East K

Rare turnkey restaurant opportunity in the heart of Downtown London. This fully equipped 1,700 SF space features a large commercial exhaust hood, functional kitchen layout, and seating for up to 55 patrons. Located in one of London's busiest downtown corridors, directly in front of the City's new Bus Rapid Transit corridor, the property benefits from high pedestrian and vehicle traffic, making it an ideal location for dine-in service, takeout, and delivery-focused concepts. Surrounded by office towers, retail businesses, entertainment venues, and hundreds of residential units, including approximately 200 apartment units directly above the space. Just steps from the Covent Garden Market and Canada Life Place, home to major sporting events, concerts, and year-round attractions. A large public parking lot directly in front of the restaurant provides convenient customer parking, while secured employee parking is available next door for an additional fee. Net rent $35 per SF + TMI $7.50 per SF ($6,020.83 monthly) plus HST and utilities.

Sold data

Homes in East K — recent sold market

Homes in East K took a median of 39 days to sell over the last 365 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 80, across 79 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 89 days.

The median sale price was $319,900.

Homes sold for about 4.1% below asking on average, so there was room to negotiate.

About 9% of sales closed above the list price.

Around 34% of sellers reduced their price before finding a buyer.

Median days to sell
39
Median sale price
$319,900
Sale-to-list ratio
95.9%
Sold above asking
9%

Based on 79 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in London East (East K)

London East (East K) 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 K)

  • 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 L10 - 186 KING STREET