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186 King Street #L10

London East, N6A 1C7·MLS® X13413152·

Listing courtesy of Exp Realty·Updated 12 hours ago

0Beds
0Baths
1,700Sqft
Year Built

Listing price

$35

Est. $0/mo

Days on market

2

Listed Jun 8, 2026

Description

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.

Property details

Type

Commercial Retail — Retail

Heating

Gas Forced Air Open

AI property estimate

$36Above Market
$34$38

82% confidence · 7 comparable sales analysed

Location & neighbourhood

Downtown London

London East, ON

Urban core with condos, restaurants, and transit access.

Monthly payment estimate

Mortgage (5.24%, 25yr)$0
Property tax$0
Insurance (est.)$0
Utilities (est.)$250
Total monthly$250

Land transfer tax

Ontario LTT

$0

First-time rebate

$0

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

Jun 8, 2026Listed
$35

Market conditions · East K

Buyer's marketBalancedSeller's market

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

$0

Rental yield

0%

Est. cash flow

-$250

Cap rate

-1.3%

Best time to sell

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$9,383

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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AI estimate

$36

Above Market

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