$ 199,000
Ontario London East
21 Photos
565 Richmond Street, London East, ON N6A3G2 Photo 2
565 Richmond Street, London East, ON N6A3G2 Photo 3
565 Richmond Street, London East, ON N6A3G2 Photo 4
565 Richmond Street, London East, ON N6A3G2 Photo 5

565 Richmond Street, London East

  • Bathrooms: 5
  • Living area: 900 square feet
  • Type: Commercial
  • Added: 1 month ago
  • Updated: 1 month ago
  • Last Checked: 1 day ago
  • Listed by: ROYAL LEPAGE SIGNATURE REALTY
  • View All Photos

Listing description
This Commercial listing at 565 Richmond Street London East, ON with the MLS Number x12284139 listed by RYAN EARL - ROYAL LEPAGE SIGNATURE REALTY on the London East market 1 month ago at $199,000.

Incredible opportunity to take over this lovely licensed restaurant located right in the heart of London's iconic Richmond Row. This well-positioned corner unit offers outstanding visibility with AAA signage and benefits from steady foot traffic in one of the city's busiest retail and entertainment corridors. The space is a manageable 900 sq ft, making it ideal for an efficient operation with low overhead. It comes fully equipped with an 8-ft commercial hood, a large walk-in fridge, and a liquor license for 40 patrons. The interior layout is well designed for both dine-in service and takeout, with cozy seating and a welcoming atmosphere. Current gross rent is $6,018 (including TMI) with 3 years remaining on the lease plus a 5-year renewal option available, offering excellent long-term security. This turnkey restaurant is an ideal candidate for rebranding into a wide range of concepts, franchises, or cuisines. Whether you're looking to bring in a new dining experience or expand an existing brand, this location has all the right ingredients for success. Please do not go direct or speak to staff or ownership. (id:1945)
Property Details Key information about 565 Richmond Street
  • Cooling: Fully air conditioned
  • Heating:
    • Forced air
    • Natural gas
Exterior & Lot Features Learn about the exterior and lot specifics of 565 Richmond Street
  • Water Source: Municipal water
  • Lot Size Dimensions: 55.83 x 64.41 FT
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Nearby Listings Stat Estimated price and comparable properties near 565 Richmond Street

Active listings
8
Min Price
$199,000
Max Price
$1,599,900
Avg Price
$1,004,613
Days on Market
78 days
Sold listings
1
Min Sold Price
$1,349,000
Max Sold Price
$1,349,000
Avg Sold Price
$1,349,000
Days until Sold
19 days

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The Grand Theatre (0.4 km)
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Aroma Mediterranean Restaurant (0.6 km)
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Price History

July 14, 2025
by ROYAL LEPAGE SIGNATURE REALTY
$199,000
565 Richmond Street
More Details?
  • RYAN EARL
  • ROYAL LEPAGE SIGNATURE REALTY
  • 416-618-0054
  • Website

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