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MLS® X14109900
London, ON
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.
Broker
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
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Commercial Retail
523 Richmond Street London
London East
Type
Commercial Retail
Parking
None
Property Tax
~$43,000/yr
Heating
Gas Forced Air Open
Buying Essentials
Square Feet
7700 sqft
Parking
None
Finances
List Price
$2,250,000
Price per SQFT
$292/sqft
Property Tax
~$43,000/yr
Property Specs
Property Type
Commercial Retail
MLS Size
7700 sqft
Living & Amenities
Heating Type
Gas Forced Air Open
Policies & Utilities
Neighbourhood
London East
Listed On
Oct 23, 2026
Days on Market
Current: 15 days
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