523 Richmond Street, London East, ON N6A 3E8
East B, London East · Near Richmond St & Dufferin Ave · View map
About this home
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.
The home
- Type
- Commercial retail
- Square footage
- 7700 sq ft
- Lot size
- 43 x 137 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Yes
Heating & cooling
- Heating type
- Gas Forced Air Open
- Air conditioning
- Yes
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $43,000/yr
- Tax year
- 2025
- Occupancy
- Owner+Tenant
- Possession
- TBD
- Cross street
- Richmond St & Dufferin Ave
- Neighbourhood
- East B
More
- MLS® number
- X14109900
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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.
523 Richmond Street, London East, ON N6A 3E8
East B, London East · Near Richmond St & Dufferin Ave
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Listing history for 523 Richmond Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 523 Richmond Street
Answers come straight from this home’s MLS® listing.
How much is 523 Richmond Street listed for, and what would it cost each month?
523 Richmond Street is listed for $2,250,000. With 20% down ($450,000), the mortgage payment would be roughly $9,076 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $12,659 a month, all in. That figure is an illustration, not a quote.
Is 523 Richmond Street freehold or a condo, and is there a monthly fee?
523 Richmond Street is a commercial retail in East B, 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 523 Richmond Street have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
What style of home is 523 Richmond Street?
523 Richmond Street is a commercial retail. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 523 Richmond Street, and what is the lot size?
The lot is listed as 43 x 137 ft.
How is 523 Richmond Street heated and cooled?
Heating is gas forced air open. Cooling is yes.
What are the property taxes for 523 Richmond Street?
Property taxes are $43,000 a year (2025), or about $3,583 a month.
Where is 523 Richmond Street?
523 Richmond Street is in the East B community of London East. The nearest main intersection is Richmond St & Dufferin Ave. The postal code is N6A 3E8.
Is 523 Richmond Street still for sale?
Yes. It is an active listing (MLS® X14109900). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 523 Richmond Street asking?
Similar properties for sale nearby right now include 1781 Wavell Street at $2,400,000, 2081 Piper Lane at $1,899,000 and 1464 Crumlin Side Road at $2,690,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 523 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 523 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 B, picked by style, size and price.
Commercial retail$2,400,0001781 Wavell Street, London East4 bath · East MCourtesy of: RIGHT AT HOME REALTYView home →
Industrial$1,899,0002081 Piper Lane, London East3 bath · East ECourtesy of: PC275 REALTY INC.View home →
Industrial$2,690,0001464 Crumlin Side Road, London East2 bath · East ACourtesy of: RIGHT AT HOME REALTYView home →Courtesy of: ROYAL LEPAGE REAL ESTATE SERVICES LTD.
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.