For saleMLS® X13762834

484 Richmond Street, London East, ON N6A 3E6

East F, London East · Near Richmond St · View map

$60,000
Sale of businessType
1 totalParking
$60,000
FreeholdNo monthly condo fee
Parking includedComes with the home
Lot 71.9 x 100.3 ftThe land comes with the home

About this home

Well-established and highly rated ice cream shop located in the heart of downtown London, offering a true turnkey opportunity for entrepreneurs and investors alike. A recognizable name in the local dessert scene, featuring one of the first hand-rolled ice cream concepts introduced to the London market, this business has built strong brand awareness and a loyal customer base over the years. Updated with over $20,000 in improvements in 2024, this beautifully maintained space is designed for both efficiency and an elevated customer experience. Featuring a diverse and in-demand menu including rolled ice cream, scoops, buffet-style options, milkshakes, soft drinks, snacks, hot chocolate, and frozen cakes, with strong potential to expand offerings and increase revenue.The business benefits from excellent brand recognition, strong online reviews, and an active social media presence. The functional layout includes a private washroom and a dedicated back office/storage area, supporting smooth day-to-day operations. All equipment and chattels are included, allowing for a seamless transition for the next owner. Positioned in a high-exposure location with strong pedestrian traffic and approximately over 20,000 + vehicles passing daily, offering outstanding visibility and consistent customer flow.Attractive lease in place with favourable terms, including one designated parking space. Turnkey opportunity with systems in place, ready for immediate takeover and continued growth. A rare chance to acquire a well-established business in a prime downtown location.

The home

Type
Sale of business
Lot size
71.9 x 100.3 ft

Ownership & fees

Ownership
Freehold
Monthly condo fee
None

Heating & cooling

Heating type
Gas Forced Air Closed
Air conditioning
Yes

Garage & parking

Driveway spaces
1
Total parking
1

Taxes & other

Tax year
2025
Occupancy
Tenant
Possession
Immediate
Cross street
Richmond St
Neighbourhood
East F

More

MLS® number
X13762834

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Estimated monthly cost$280per month, all in
  • Mortgage
  • Property tax

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.

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    484 Richmond Street, London East, ON N6A 3E6

    East F, London East · Near Richmond St

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    Sold history

    Listing history for 484 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.

    Questions & answers

    Frequently asked questions about 484 Richmond Street

    Answers come straight from this home’s MLS® listing.

    How much is 484 Richmond Street listed for, and what would it cost each month?

    484 Richmond Street is listed for $60,000. With 20% down ($12,000), the mortgage payment would be roughly $242 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $280 a month, all in. That figure is an illustration, not a quote.

    Is 484 Richmond Street freehold or a condo, and is there a monthly fee?

    484 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 484 Richmond Street have a garage and parking?

    The listing does not show a garage. The driveway adds 1 space. In total the listing counts 1 parking space.

    What style of home is 484 Richmond Street?

    484 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 484 Richmond Street, and what is the lot size?

    The lot is listed as 71.9 x 100.3 ft.

    How is 484 Richmond Street heated and cooled?

    Heating is gas forced air closed. Cooling is yes.

    Where is 484 Richmond Street?

    484 Richmond Street is in the East F community of London East. The nearest main intersection is Richmond St. The postal code is N6A 3E6.

    Is 484 Richmond Street still for sale?

    Yes. It is an active listing (MLS® X13762834). Listings here update from the board through the day and come down once a home sells.

    What are similar properties near 484 Richmond Street asking?

    Similar properties for sale nearby right now include 2 - 742 Richmond Street at $50,000, 102 - 484 E Richmond St Street E at $59,900 and R57 - 142 Fullarton Street at $69,900. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.

    What have homes at 484 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 484 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.

    *Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.

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