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523 Richmond Street
East B London East N6A 3E8

$2,250,000 /For Sale
Commercial

Main Photo: 523 Richmond Street in London East: East B Commercial for sale : MLS®# X14109900
Photo 1: 523 Richmond Street in London East: East B Commercial for sale : MLS®# X14109900
Photo 2: 523 Richmond Street in London East: East B Commercial for sale : MLS®# X14109900
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X14109900
Bus Major:
Hospitality/Food Related
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.
Minimum Rental Term:
60
Maximum Rental Term:
120
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
No
Total Area:
7700 sq. ft. Square Feet
Total Area:
7,700 sq. ft.
Retail Area:
80 sq. ft. %
Lot Depth:
137'
Lot Frontage:
43'
Water supply:
Municipal
Zoning:
DA2
Heating type:
Gas Forced Air Open
Garage:
None
Possession Details:
TBD
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$43,000 / 2025
Assessment:
$- / -
Middlesex
London East
East B
Yes
Utilities:
Available
Air Conditioning:
Yes
Seller Property Info Statement:
No
Major Business Type:
Hospitality/Food Related
Category:
Retail
LLBO:
Yes
Seats:
281
Date Listed:
Oct 23, 2026
Original Price:
Previous Price:
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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Data was last updated October 24, 2026 at 06:15 AM (UTC)
DARYL  KING
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Why Invest in Ontario Commercial Properties

• Strong economic growth and stable property demand
• Access to major highways, transit, and trade routes
• High-traffic locations with retail, industrial, or office potential
• Opportunities in cities like Toronto, Mississauga, Ottawa & beyond
• Suitable for investors, entrepreneurs, and developers

What to Expect from Ontario Commercial Listings

Commercial real estate across Ontario varies by size, use, and location, but commonly features:

• Zoned properties for retail, industrial, office, or mixed use
• Large square footage with flexible layouts
• High-visibility storefronts or warehouse bays
• Ample parking, loading docks, or elevator access
• Nearby transit, highways, and workforce hubs

Start Your Commercial Real Estate Search in Ontario Today

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FAQs – Commercial Real Estate for Sale Ontario

1. What types of commercial properties are available in Ontario?
Ontario offers retail plazas, offices, industrial warehouses, medical offices, restaurants, and development-ready land.

2. Is financing available for commercial real estate in Ontario?
Yes. Commercial financing is available through banks and private lenders, often requiring larger down payments than residential.

3. Are there zoning restrictions on commercial buildings?
Zoning varies by municipality and use. Our team can help you review zoning bylaws to ensure property suitability.

4. Which cities in Ontario are best for commercial investment?
Toronto, Mississauga, Ottawa, Vaughan, and Kitchener-Waterloo are among the most active and profitable commercial markets.