587 Oxford Street E, London East
Exceptional opportunity to acquire Five87 Bistro, an established, licensed restaurant located at 587 Oxford Street East in London! Offering approximately 4,495 sq. ft. of leased premises, including designated restaurant and patio areas, this inviting establishment provides an excellent opportunity for an entrepreneur or experienced restaurateur looking to enter or expand within London's hospitality industry. Featuring an attractive dining atmosphere, indoor and outdoor dining opportunities, and access to on-site customer parking, the restaurant offers a versatile setting for casual dining, evening service, special occasions and private gatherings. Continue operating under the existing Five87 Bistro name and concept, or bring your own culinary vision to life and introduce an entirely new restaurant concept! The premises are subject to a long-term commercial lease, with renewal options outlined in the existing agreement, offering the potential for continued occupancy. Ideally situated along Oxford Street East, this location presents an opportunity to capitalize on an existing restaurant setup while establishing your own identity in the market. Whether you're an established operator seeking another location or an entrepreneur ready to take the next step, this is an exciting business ownership opportunity. Business sale only; real estate not included. (id:1945)
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Property details for 587 Oxford Street E, London East
- Type
- Commercial
- Bathrooms
- 3
- Living Area
- 4,495 square feet
- Lot Size
- 57 x 180 FT
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
Nearby Listings Stat
Estimated price and comparable properties near 587 Oxford Street E
Active Listings
30
Min Price
$249,999
Max Price
$1,349,000
Avg Price
$607,540
Days on Market
41
days
Sold Listings
9
Min Sold Price
$289,900
Max Sold Price
$1,499,000
Avg Sold Price
$722,054
Days until Sold
62
days
Neighbourhood Census Data
London, Ontario
Population
597
Median Age
35.7
Median Income
$33,109
Dwelling Value
$239,745
Housing Tenure
Owners 57%
Renters 42%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.8
Pop. Density: 2,271.7/km²
Avg Shelter Cost: $1,111/mo
Owners with Mortgage: 80%
Owners Spending 30%+: 19.4%
Tenants Spending 30%+: 34.6%
English only: 91.5%
English and French: 7.6%
Neither: 0.8%
Median Household Income: $56,533
Median Employment Income: $32,256
Price History
Listed
October 16, 2026
by THRIVE REALTY GROUP INC.
Current Price
$249,999
Type
Commercial
For Sale