428 Clarence Street
London East, N6A 3M8·MLS® X13241802·
Listing courtesy of Everest Realty LTD.·Updated 4 days ago
Listing price
$349,999
Est. $1,667/mo
Days on market
Listed Jun 4, 2026
Description
Excellent opportunity to own a well-established restaurant business in the heart of London's downtown core. Located in a desirable high-traffic commercial area next to TD Bank and surrounded by offices, retail businesses, and strong pedestrian activity, this business offers excellent visibility, convenient access, and strong potential for future growth. The restaurant has been successfully operating for 6 years and features a spacious dining area with seating for approximately 144 guests, a large commercial kitchen, and a private room ideal for parties, corporate meetings, presentations, and special events. This is a turnkey business opportunity suitable for owner-operators, entrepreneurs, investors, or experienced restaurant operators. The buyer may have the option to continue with the existing franchise, including brand name, training, marketing, support, and operational guidance, or operate independently, subject to all required approvals, regulations, and applicable franchise conditions. Very attractive rent of approximately $7,300 per month including HST. List of chattels, equipment, and sales information available upon request.
Property details
Type
Sale Of Business — Without Property
Heating
Gas Forced Air Open
AI property estimate
82% confidence · 11 comparable sales analysed
Location & neighbourhood
Monthly payment estimate
Land transfer tax
Ontario LTT
$3,725
First-time rebate
−$3,725
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Market conditions · East F
Avg. sold price
$682,400
+5.2%
Avg. days on market
18
−3d
Sale-to-list ratio
101.2%
+0.8%
Investment analysis
Est. monthly rent
$1,400
Rental yield
4.8%
Est. cash flow
-$969
Cap rate
3.2%
Best time to sell
Affordability
Minimum household income required
$88,842
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$339,783
Connect with an agent
By submitting, you agree to receive communications from London Home Search and its affiliated agents. You can unsubscribe at any time.
Get notified about similar homes
New sale of business listings in East F.