685 RICHMOND Street, London East, ON N6A 5M1
East F, London East · Near MILL ST., AND RICHMOND ST., · View map
About this home
Excellent opportunity to own an established Philthy Philly's franchise at 685 Richmond Street, London, Ontario, ideally located in the vibrant downtown area. This established business generates annual sales of over 1.2 million , 100k Monthly sales and offers an excellent opportunity for an owner-operator or investor. Attractive lease terms with approximately 10 years remaining plus an additional 10-year renewal option. Monthly rent is approximately $5,650 including TMI. Benefit from an established franchise brand with LLBO & $0 marketing cost, providing ongoing brand exposure and support. Excellent location with seating capacity of 40 inside 40 patio, surrounded by residential, commercial, entertainment and student activity with strong pedestrian and vehicle traffic. A great opportunity to acquire an established food business with long-term lease security in one of London's active commercial areas.
The home
- Type
- Sale of business
- Square footage
- 1808 sq ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Electric Forced Air
- Air conditioning
- Yes
Garage & parking
- Total parking
- None
Taxes & other
- Tax year
- 2026
- Occupancy
- Owner
- Possession
- Flexible
- Cross street
- MILL ST., AND RICHMOND ST.,
- Neighbourhood
- East F
More
- MLS® number
- X13816896
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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.
685 RICHMOND Street, London East, ON N6A 5M1
East F, London East · Near MILL ST., AND RICHMOND ST.,
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Listing history for 685 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 685 RICHMOND Street
Answers come straight from this home’s MLS® listing.
How much is 685 RICHMOND Street listed for, and what would it cost each month?
685 RICHMOND Street is listed for $585,000. With 20% down ($117,000), the mortgage payment would be roughly $2,360 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2,725 a month, all in. That figure is an illustration, not a quote.
Is 685 RICHMOND Street freehold or a condo, and is there a monthly fee?
685 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 685 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 685 RICHMOND Street?
685 RICHMOND Street is a sale of business. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How is 685 RICHMOND Street heated and cooled?
Heating is electric forced air. Cooling is yes.
Where is 685 RICHMOND Street?
685 RICHMOND Street is in the East F community of London East. The nearest main intersection is MILL ST., AND RICHMOND ST.,. The postal code is N6A 5M1.
Is 685 RICHMOND Street still for sale?
Yes. It is an active listing (MLS® X13816896). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 685 RICHMOND Street asking?
Similar properties for sale nearby right now include 356 RICHMOND Street at $549,000, 482 Dundas Street at $449,000 and 225 Wellington Street at $600,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 685 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 685 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.
Store w apt / office$549,000356 RICHMOND Street, London EastEast KCourtesy of: THRIVE REALTY GROUP INC.View home →
Sale of business$449,000482 Dundas Street, London EastEast FCourtesy of: LPT REALTYView home →
Store w apt / office$600,000225 Wellington Street, London EastEast KCourtesy of: ROYAL LEPAGE TRILAND REALTYView home →Courtesy of: HOMELIFE/MIRACLE REALTY 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.