430 First Street, London East, ON N5W 4N1
Prime 5,000 sq ft turnkey BUSINESS SALE located in a very busy and highly traffic area of London neighbourhood, currently operating as a Portuguese grocery store that celebrates a diverse cultural mix of foods. Delivering strong cash flow and a prominent community presence, this location is ideal for an owner-operator or family business seeking long-term stability and growth. Features include a full commercial kitchen with a 12' hood and fire-suppression system, prep tables, coolers and freezers. A grocery area plus central customer seating for the instore experience of freshly prepared foods with family and friends. Rear dock-level loading into staging and prep areas for efficient business flow, dedicated 240V electrical service with 400A capacity, a monitored alarm system, and ample customer parking at the rear. Consistent year-round performance with clear upside to further expand prepared foods or catering, extend hours, or broaden retail offerings to accelerate revenue growth.
- MLS number
- X13440670
- Type
- Sale Of Business
- Status
- Active
- Bedrooms
- —
- Bathrooms
- —
- Postal code
- N5W 4N1
- Photos
- 35
This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Sale Of Business
- Class
- Commercial
- Community
- East H
- Municipality
- London East
- Cross street
- Dundas St E & First St
- Zoning
- RSC1(29)
Land
- Lot
- 232 × 259.1 feet
Heating, cooling and services
- Heating
- Gas Forced Air Open
- Cooling
- Yes
- Water
- Municipal
Listing
- MLS number
- X13440670
- Status
- New
- Previous status
- Draft
- Listed on
- 2026-06-10
- Expires
- 2026-12-31
- Board
- London and St. Thomas Association of REALTORS
Listing history
No previous listings found for this address.
Where this property is
Where this address sits, matched against open government data.
Matched to a published address point for this address.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| Forest City Public School Public School Thames Valley DSB | Elementary | 971 m | / 10 44% met the standard |
| Académie de la Tamise CS Viamonde | Elementary | 829 m | / 10 88% met the standard |
| Prince Charles Public School Thames Valley DSB | Elementary | 1.0 km | / 10 36% met the standard |
| St Pius X Separate School London District Catholic School Board | Elementary | 1.1 km | / 10 56% met the standard |
| Thames Valley Alternative Secondary School Thames Valley DSB | Secondary | 1.1 km | Not reported |
| Al-Taqwa Academy | Elementary and secondary | 1.2 km | Not reported |
How the rating is calculated
EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.
Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.
What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.
Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.
H-Value
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 165 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35390590 — the few blocks around this address, home to 165 people. It describes the area, not this property.
Percentages are of the 165 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.