For Sale

551 Richmond Street Unit# 1, London East, Ontario N6A 3E9

$299,000

551 Richmond Street Unit# 1, London East, Ontario N6A 3E9 is For Sale and has a listing price of 299,000. The property is located in the London East . It's been on the website for 57 Days.

  • Sale Of Business
    Property Type
  • MLS ID: X12389653
  • Office Name CENTERPOINT REALTY INC.
Property Description

Restaurant Business For Sale In Prime Downtown London Location. High Visibility With Prominent Signage On A Major Street And Constant Pedestrian Traffic. Close To Western University And Fanshawe College, Ensuring A Strong Customer Base Of Students And Local Residents. Licensed With LLBO For 48 Seats. Features A Walk-In Fridge And Freezer, Commercial Ventilation System, And Approximately 1,975 Sq Ft Of Main Floor Space Plus Additional Basement Area For Storage And Food Preparation. 2 Dedicated Parking Spaces For Staff Use. A Turnkey Opportunity For Entrepreneurs Looking To Operate In One Of Londons Busiest Districts.

Property Details
  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: X12389653
  • Price: $299,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Lot Depth: 94.1
  • Ref ID: X12389653
  • Dir / Cross St: Kent/Richmond
  • Status: Active
  • Tax Year: 2025
  • Property Type: Sale Of Business
  • Property Sub Category: Business
Price History
List Date MLS ID List Price Status End Date Closed Price
09/08/2025 X12389653 $299,000 For Sale - -
07/19/2025 X12295547 $99,900 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
London East
  • $677,028 Average List Price
    based on 1 year
  • 393 New Listings
    based on 30 days
  • 66 Median Days on Market
    based on 1 year
  • List vs. Selling Price 192.19 % Up
  • Sold (12mo) 487
  • Rented (12mo) 141

  • 1 Month Change -100.0%
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Walkscore
  • 81 Walk Score
    Very Walkable
  • 73 Transit Score
    Excellent Transit
  • 75 Bike Score
    Very Bikeable
Property Type Distribution
  • All Houses
    57.29%
  • Commercial
    16.37%
  • Condo
    26.35%
Additional Details
  • Heat Type Y
  • Garage Type Public
  • Parking Spaces: 2
  • Taxes: N/A
  • Last Status New
  • Original Price: $299,000
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: TBA
  • Listing Entry Date: 08/09/2025 19:57:16
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