421 Richmond Street
London East, ON
- 2 bath
- 851 sqft
- Sale Of Business
- 169 days on market
Very rare opportunity on Richmond Row! This turnkey restaurant located in a prime area with high pedestrian traffic, the property benefits from a bus stop right at the front door and close proximity to Fanshawe College, bringing consistent activity and visibility.The owner has spared no expense in designing and building out this premier location, making it completely move-in ready and eliminating the usual setup headaches. Features include a newer hood system (2019), updated appliances, newer electrical system and newer furniture throughout.With low gross rent of $2,500 and convenient 2-hour free street parking on weekends, this space is ideally positioned across from Scotiabank and close to Citi Plaza and London Music Hall, attracting steady daily traffic. 25 seats. Above ground size of 851 sqft. Partially finished basement for more storage space and 2 bathrooms. Don't miss this rare opportunity to own a fully equipped restaurant in one of the city's busiest corridors
Listing Details
- Originally Listed
- $88,000
- Listed
- March 17, 2026
Price History
Listing history
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Property
- Age
- 31-50
Parking
- Garage
- None
Location & Legal
- Cross Street
- Richmond Street
- Zoning
- DA1
- Possession
- 30-59 days
- Occupancy
- Tenant
Commercial
- Business Type
- Restaurant
Included
- Inclusions
- Fixtures & Chattles
Community
Postal area N6A
- Population
- 13,810
- Private dwellings
- 9,768
- Median age
- 34
- Average household size
- 1.8
- Median household income
- $61,200
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in London East · last 12 months
- Median sold price
- $460,000
- Homes sold
- 1,318
- Median days on market
- 25
- Sale-to-list price
- 97.0%
Based on 1,318 recorded sales of commercial properties in London East over the last 12 months.
Listed by
CENTURY 21 FIRST CANADIAN CORP
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 851 sq ft
- Price per sq ft
- $81.08
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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