11 - 551 Richmond Street, London East
Unbeatable Richmond Row Downtown Location! Own a 40-seat, fully equipped franchise restaurant in the heart of London Downtown. This high-traffic gem features two patios, perfect for maximizing seasonal revenue. Close to Western University, Fanshawe College, and major corporate hubs, this turnkey space offers maximum visibility. An added bonus: a portion of the space is subleased to Dough Bits, providing additional rental income and reducing your operating costs. A rare opportunity to secure a proven franchise in one of London's most sought-after commercial corridors. (id:1945)
This listing content provided by
REALTOR.ca
has been licensed by REALTOR®
members of The Canadian Real Estate Association
members of The Canadian Real Estate Association
Property details for 11 - 551 Richmond Street, London East
- Type
- Commercial
- Bathrooms
- 2
- Living Area
- 3,282 square feet
- Lot Size
- 245 x 245 FT
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
Nearby Listings Stat
Estimated price and comparable properties near 11 - 551 Richmond Street
Active Listings
95
Min Price
$199,900
Max Price
$999,000
Avg Price
$497,846
Days on Market
62
days
Sold Listings
43
Min Sold Price
$45,000
Max Sold Price
$799,900
Avg Sold Price
$476,990
Days until Sold
61
days
Neighbourhood Census Data
London, Ontario
Population
590
Median Age
56.7
Median Income
$18,293
Dwelling Value
$214,554
Housing Tenure
Owners 21%
Renters 78%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.2
Pop. Density: 6,735.2/km²
Avg Shelter Cost: $1,386/mo
Owners with Mortgage: 47.6%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 38.2%
English only: 90.7%
English and French: 6.8%
Neither: 3.4%
Median Household Income: $18,496
Median Employment Income: $23,168
Price History
Listed
August 5, 2026
by KING REALTY INC.
Current Price
$274,000
-15.7% from last change
Type
Commercial
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $274,000 | $51,000 (-15.7%) |
| Aug 5, 2026 | $325,000 | Listed |
