523 Richmond St

About this Property

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.

Listing Details

MLS #

X14109900

Board

PROPTX

Market

ontario

Property Type

Commercial/Retail

Style

Retail

Garage

None

Basement

Y

Heating

Gas Forced Air Open

Cooling

Y

Lot Size

43 × 137 ft

Annual Taxes

$43,000/yr

Listed By

ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Listed On

October 23, 2026