523 RICHMOND STREET
London East (East B), Ontario N6A3E8
- 7700 sqft
- Retail
Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
50 photos
Description
One-of-a-kind opportunity to purchase an exceptional commercial property with a fully equipped restaurant in the heart of London's vibrant Richmond Row. Located at 523 Richmond Street, this beautifully rebuilt building showcases artistic design, exceptional craftsmanship and over 7,700 sq. ft. of finished space, including a large finished basement. The impressive restaurant layout features private dining space, a spectacular outdoor courtyard ideal for dining and special events, and a front patio overlooking Richmond Street. Liquor-licensed capacity for 187 indoor seats plus 94 patio seats, subject to applicable approvals. A separate Richmond Street entrance leads to an approximately 1,200 sq. ft. upper-level apartment, currently rented and providing supplementary income. Outstanding exposure in a lively, walkable downtown destination surrounded by shopping, dining and entertainment. A fantastic opportunity for an owner-operator or investor to acquire a distinctive property with extensive restaurant infrastructure. The entire property could be available with vacant possession, subject to existing tenancy arrangements and applicable requirements. (id:37124)
Property details
| Price | $2,250,000 |
|---|---|
| Status | Active |
| Transaction | For sale |
| Property type | Retail |
| Living area | 7700 square feet |
| Lot size | Bldg=43 x 137 FT |
| Frontage | 43 |
| Zoning | DA2 |
| Heating | Forced air, Natural gas |
| Cooling | Fully air conditioned |
| Water | Municipal water |
| Annual taxes | $43,000 |
| Listed on | Oct 23, 2026 |
| MLS® number | X14109900 |
Location
All listing details (31)
| Building Area Total | 7700 |
|---|---|
| Building Area Units | square feet |
| City | London East (East B) |
| City Region | East B |
| Cooling | Fully air conditioned |
| Country | Canada |
| Directions | Cross Streets: Richmond St & Dufferin Ave. ** Directions: Head north on Richmond St towards Oxford St and the property will be located on the west side of Richmond St. |
| Fireplace YN | No |
| Frontage Length Numeric | 43 |
| Frontage Length Numeric Units | feet |
| Geocode Manual YN | No |
| Heating | Forced air, Natural gas |
| Internet Address Display YN | Yes |
| Internet Entire Listing Display YN | Yes |
| List AOR | Toronto |
| List Price | 2250000 |
| Living Area | 7700 |
| Living Area Units | square feet |
| Lot Size Dimensions | Bldg=43 x 137 FT |
| Original Entry Timestamp | 2026-10-23T13:35:39.07Z |
| Photos Count | 50 |
| Postal Code | N6A3E8 |
| Property Sub Type | Retail |
| Standard Status | Active |
| State Or Province | Ontario |
| Street Name | Richmond |
| Street Number | 523 |
| Street Suffix | Street |
| Tax Annual Amount | 43000 |
| Water Source | Municipal water |
| Zoning Description | DA2 |
Listing courtesy of
Listing brokerage
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
4101 YONGE STREET UNIT 502, TORONTO, Ontario
Listing agent
JASON KLEYN
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