11 - 551 Richmond Street, London East, ON N6A 3E9
East F, London East · Near Richmond & Albert · View map
About this home
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.
The home
- Type
- Sale of business
- Square footage
- 3282 sq ft
- Bathrooms
- 2
- Lot size
- 245 x 245 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Partial
Heating & cooling
- Heating type
- Gas Forced Air Closed
- Air conditioning
- Yes
Garage & parking
- Garage
- Street
- Total parking
- None
Taxes & other
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Richmond & Albert
- Neighbourhood
- East F
More
- MLS® number
- X13640144
No matching details. Ask Will instead
No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
551 Richmond Street, London East, ON N6A 3E9
East F, London East · Near Richmond & Albert
Get directionsWhat’s nearbySchools nearby
Open this tab to load nearby schools.
Your commute
Enter where you go every day to see real drive times:
Listing history for 551 Richmond Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.
Frequently asked questions about 11 - 551 Richmond Street
Answers come straight from this home’s MLS® listing.
How much is 11 - 551 Richmond Street listed for, and what would it cost each month?
11 - 551 Richmond Street is listed for $274,000. With 20% down ($54,800), the mortgage payment would be roughly $1,105 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $1,276 a month, all in. That figure is an illustration, not a quote.
Is 11 - 551 Richmond Street freehold or a condo, and is there a monthly fee?
11 - 551 Richmond Street is a sale of business in East F, London East. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 11 - 551 Richmond Street have a garage and parking?
Yes. The listing shows the garage as street. The listing does not include a parking space.
What style of home is 11 - 551 Richmond Street?
11 - 551 Richmond Street is a sale of business. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 11 - 551 Richmond Street, and what is the lot size?
The lot is listed as 245 x 245 ft.
How is 11 - 551 Richmond Street heated and cooled?
Heating is gas forced air closed. Cooling is yes.
Where is 11 - 551 Richmond Street?
11 - 551 Richmond Street is in the East F community of London East. The nearest main intersection is Richmond & Albert. The postal code is N6A 3E9.
Is 11 - 551 Richmond Street still for sale?
Yes. It is an active listing (MLS® X13640144). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 11 - 551 Richmond Street asking?
Similar properties for sale nearby right now include 711 Richmond Street at $239,900, 587 Oxford Street E at $249,999 and 5 - 142 Fullarton Street at $199,999. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 551 Richmond Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 11 - 551 Richmond Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near East F, picked by style, size and price.
Sale of business$239,900711 Richmond Street, London EastEast FCourtesy of: RE/MAX CENTRE CITY REALTY INCView home →
Sale of business$249,999587 Oxford Street E, London East3 bath · East FCourtesy of: THRIVE REALTY GROUP INC.View home →
Sale of business$199,9995 - 142 Fullarton Street, London EastEast FCourtesy of: RE/MAX ADVANTAGE REALTY LTD.View home →Courtesy of: KING REALTY INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.